Falvey does a lot of work in the life sciences, and a lot of pharma business is centralized in a couple of areas around the country — including some in Tennessee, which recently experienced very damaging tornadoes.
The next two years may be rocky as high inflation lifts claims costs and threatens reserves, but there is promise for the U.S. P&C insurance industry to improve profitability, say Swiss Re’s chief economists for the Americas in their latest report.
“I don’t know that we do enough with people to let them know what’s available and what kind of life you can live by being part of this great industry. I get up every morning looking forward to my work., I love what I do, and I think that’s important.”
“Shareholder litigation is driving about 85% plus of the losses in the D&O world. It can also hit what we call E&O, on the financial institution side.”
These tools can help underwriters navigate the troubled waters of property catastrophe losses resulting from more frequent and severe natural disasters.
The advancement of climate change, ongoing macro-economic variations and the fact that an aging population will be increasingly in need of long-term care options, will call for best-in-class risk management in the nursing home sector.
The Hartford’s new global research offering is slated to offer a heightened view of global market dynamics and geopolitical risks that will inform international underwriting and business decisions well into the future.
Risk & Insurance® sat down with The Hartford’s Mo Tooker to discuss everything from the state of supply chain risk to inflationary pressure for insureds.