-
Worsening claims activity, privacy concerns and emerging threat actors have yet to reflect in pricing.
-
The flattish outcome comes after a larger year-on-year hike in January.
-
Reinsurers were more willing to support lower layers ahead of July 1, the broker said.
-
Challenges such as climate change and civil litigation remain troubling.
-
Workers’ compensation renewal rates decreased on a year-over-year basis.
-
In 2023, the segment had its best direct loss ratio in nearly a decade at 50.8%.
-
In high-capacity, global E&S property, London has continued to be aggressive.
-
The proposal now goes to the Florida Office of Insurance Regulation for review.
-
Commercial and residential carriers have different requirements.
-
Quarterly price increases of around 6% have remained steady since the pandemic.
-
The ratings agency noted robust profit margins for reinsurers.
-
The broad themes remained the same as those dominating in April.