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.
With markets hardening, more companies are turning to risk retention strategies, such as alternative risk transfer and captives, to keep their coverage more affordable.
A shifting market landscape will be at the center of discussion at the 2019 WSIA Annual Marketplace, but the industry focus remains on building relationships.
Catastrophe losses dented some wholesale and specialty businesses in 2018, but the focus of WSIA’s Underwriting Summit was on how this steadily growing market can continue to thrive.