Soaring project values, catastrophe losses, and nuclear verdicts are reshaping coverage terms across property, casualty, and surety lines for the construction sector, according to Aon.

The U.S. property and casualty industry recorded an unprecedented net underwriting gain of $22.10 billion in the first quarter of 2026, according to S&P Global Market Intelligence.

A new report from Zurich North America outlines six critical risk areas facing data center construction and operations as the sector races to meet AI-driven demand.

Average premiums across all account sizes fell in Q1 2026 for the first time since 2017, according to The Council of Insurance Agents & Brokers.

Operational incidents — not natural catastrophes — account for roughly three-quarters of total mining losses, with recovery ratios averaging just 50%, according to Marsh.

FM’s deep risk engineering experience should serve Dempsey and his team well.

Wildfires and severe convective storms accounted for 99.9% of North America’s $90 billion in natural catastrophe insured losses, according to Swiss Re data.

In this fictive scenario, a thriving boutique owner’s dream goes up in flames when a hidden electrical hazard and an overlooked insurance gap combine to deliver a devastating financial loss.

Geoeconomic confrontation, cyberattacks, extreme weather and aging systems are amplifying risks across essential infrastructure networks, according to a Gallagher report.

Global insured losses from natural disasters totaled $20 billion in the first quarter of 2026 — 26% below the 10-year average — according to Gallagher Re’s latest Natural Catastrophe and Climate Report.

Global insurance rates declined for the seventh consecutive quarter in early 2026, driven by property rate drops and persistent insurer competition, Marsh reports.

The rapid expansion of solar photovoltaic farms into hail-prone regions is creating new underwriting challenges that demand better risk modeling and mitigation strategies, according to Gallagher Re and AXIS.

Global economic losses from natural disasters reached $37 billion in the first quarter of 2026, well below the 21st-century average, while insured losses tracked near historical norms, according to Aon.

A year-end analysis of ClaimSearch data by Verisk found that quieter weather drove broad declines in claims activity even as the Los Angeles wildfires became the costliest on record.

Only 7% of property insurance carriers have achieved scalable AI success in claims operations, according to a Sedgwick report.

The E&S market surpassed $100 billion in direct premiums written for the first time in 2025, but its growth rate fell to 7.8% — the lowest in eight years, according to S&P Global Market Intelligence.

Construction costs for a single data center location can exceed $20 billion — double once technology is installed — creating concentration exposures in catastrophe-prone areas, according to Swiss Re Institute.

Cumulative losses from severe convective storms now exceed those from hurricanes, challenging the traditional classification of these events as ‘secondary perils,’ according to Allianz Commercial.

Softening property rates and stable capacity define the public entity landscape, though litigation and disaster aid changes could shift the burden to state and local governments, according to Amwins.

Secondary perils accounted for a record 92% of global insured natural catastrophe losses in 2025, and trend-line projections point to $148 billion in 2026, according to Swiss Re Institute.