Increases in motor vehicle tort cases and premises liability lead the rise in cases filed, while medical malpractice lawsuits in federal courts decline, Lex Machina finds.
Lex Machina analysis of 73,000+ cases shows average damage awards in 2023-2024 reached unprecedented levels, with jury verdicts nearly doubling in value since 2022.
Premium renewal rates declined quarter-over-quarter across nearly all major lines, signaling shift from hard market conditions, according to Ivans Index.
Rising geopolitical fragmentation threatens risk diversification while investment yields and demographics offer offsetting opportunities, according to Swiss Re.
Average rate increases ease to 2.8% from first quarter’s 3% rise, with commercial property insurance showing improvement, according to Novatae’s Market Barometer.