As the market continues to grow, E&S carriers that once wrote general liability policies for complex manufacturing risks are entering the admitted space.
When third parties invest large sums in a lawsuit in exchange for a portion of the eventual settlement, it can affect the legal process — and the E&S market — in more ways than one.
Some insurers have stopped covering climate change-related risks, opening opportunities to the excess and surplus market. E&S and specialty lines are well-suited to it, with dedicated claims and underwriting teams to take on severe weather-related exposures.
The high inflation in the 1970s and early 1980s led to a rough time for the insurance industry. Today’s higher numbers could lead traditional carriers to become more cautious.
Big growth areas include construction, energy, health care, environmental and professional liability. These might seem to focus on larger businesses. But main street small businesses are candidates for E&S covers as well.
The looming talent gap of pre-pandemic lore, coupled with the Great Resignation as of late only makes recruitment and retainment of employees that much more difficult.
Social inflation and nuclear verdicts are changing the perception of money. As jury awards climb, insurers and their clients must be abreast of the growing issues plaguing court outcomes.
Risk Placement Services released their mid-year casualty market outlook, highlighting which segments are meeting challenges and embracing opportunities.
With the excess and surplus market set to undergo transformative growth over the next decade, brokers and insurers are faced with a host of new challenges and opportunities.
Doing the right thing has guided Julia Keenan, head of LexPro, throughout her career. As an insurance executive, there are decisions to be made everyday. Taking the moral path will typically yield solid results.