Marsh reports that global commercial insurance rates remain flat in Q2 2024, while U.S. rate hikes moderated to 1%.

“I think most insurance companies have learned it’s not quite as simple as putting up a line and nothing ever breaks. But it’s an incredible opportunity, and it’s going be a growing part of insurance companies’ books.”

Global economic and insured losses from natural perils in H1 2024 exceed averages, with the U.S. bearing the brunt from severe convective storms.

This Gallagher property practice leader details the trends affecting commercial property insurance.

The transition to renewable energy is well underway, and insurers are working to help the sector overcome its growing pains.

Gallagher report highlights how insurance policies can respond to global protests and civil unrest, urging proactive risk mitigation.

Cyclical labor and material cost increases mean brokers and underwriters had better be on their toes when communicating valuations to insureds.

Previsico’s hydrodynamic modeling and onsite sensors predict localized flash floods, helping insurers and customers manage risk more effectively

A session at RISKWORLD showed how a data-driven, proactive approach to risk management leads to a winning loss control formula.

Having a broad experience in the high net worth space, PRMA’s Diane Delaney is excited to be putting that to work for the organization she now leads.

“Weather-related risks on the property side are a significant concern for risk managers and various industries. Leading experts, such as Colorado State University, forecast a very active hurricane season of at least 23 named storms and five major hurricanes, which is well above average.”

Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports.

For companies facing expensive and hard-to-insure property perils, captives offer flexibility and price stability.

Commercial real estate should see improved property insurance conditions in 2024, while the casualty market grapples with rising claims costs due to lawsuit abuse, Gallagher reports.

Where increasingly severe weather meets growing populations, property damage from wind, hail and flood may seem inevitable. Fortunately, there’s much that property risk engineers can do.

The solar panels rapidly being deployed across the country are vulnerable to damage from hail and costly to replace, limiting their risk transfer options. Parametric insurance injects some much-needed flexibility.

With global insured losses from natural disasters hitting $108 billion in 2023, Swiss Re emphasizes the urgent need for adaptation measures and climate risk mitigation.

The 2024 FM Global Resilience Index, with six new risk factors, guides businesses in strategic decision-making on property and operations in the most resilient business environment.

As reinsurance rates stabilize, Lockton says higher property insurance rates persist, driven by insurer concerns over catastrophe losses and increased primary retentions

Insureds are increasingly relying on captives, parametric products, and flood and fire defenses in today’s market.