Despite steady reserve declines over a decade, concentrated asbestos losses among major insurers are pressuring the industry’s $146 billion ultimate A&E exposure, AM Best reports.
Insurance customers show openness to artificial intelligence but nearly 70% believe insurers gain far more from the technology than they do, according to a J.D. Power survey.
Despite social inflation pressures and casualty line struggles, robust investment income and disciplined underwriting support stable outlook for sector: AM Best.
Health care sees some segments softening while segments with vulnerable populations, claims severity face sharp rate increases and capacity constraints, Amwins report.
NCCI data reveals that costs for critical care services now exceed inflation benchmarks, with expenses for severe injuries accounting for more than one-quarter of total medical spending.
Long-tail asbestos and environmental liabilities show signs of extending beyond carrier expectations, raising concerns about reserve adequacy, S&P Global Market Intelligence reports.
Port Authority of New York and New Jersey and SOCAR Türkiye honored for delivering measurable results through innovative enterprise risk management programs.
Despite downgrade from positive to stable, AM Best says the excess and surplus lines market remains a key alternative to declining admitted carrier capacity.
As climate change loses ground to geopolitical instability and cybersecurity threats, AXA’s latest research reveals a world where the erosion of trust and social cohesion are making every crisis harder to overcome.
First decline in commercial property rates since 2017, and another drop in cyber premiums signal a buyer-favorable turn in the market, The Council of Insurance Agents & Brokers reports.
While property market conditions favor public entity buyers, casualty exposures tied to litigation trends and legislation changes continue to challenge the market, according to Amwins.