Intel

The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…

Some businesses in Houston, Texas, were still struggling to get back up and running as of mid-July after Hurricane Beryl left many with prolonged power and internet outages, in addition to wind- and water-related property damage. Data from CoreLogic indicates that insured properties and businesses in Harris County could face between $210 million and $600 million in damages from the…

During this webinar, our expert panel reviewed valuable insights into Q3 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/982781651/ca925a19f8

Nuclear verdicts of $10 million or more are increasing, according to a new report from the U.S. Chamber of Commerce. Between 2013 and 2022, the average nuclear verdict was $89 million; half were between $10 million and $20 million, a third were between $20 million and $50 million, and 19% were considered \"mega\" nuclear verdicts at over $100 million, Insurance…

Work-related fatalities at New York City building construction sites reached their lowest point in almost 10 years in 2023, according to new data from the city, but work-related injuries jumped 25%, Safety+Health magazine reported on May 23. The Department of Buildings\' annual Construction Safety Report indicated that there were 841 building construction-related incidents, 692 injuries and…

A woman who was assaulted in her apartment after a stranger broke in through the unit\'s back sliding door is suing the housing complex for over $1 million, claiming the attack could have been prevented if the broken back door lock had been fixed when she and her roommate first reported it. The Austin, Texas, woman filed the lawsuit against…

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

During this webinar, our own Doug Legters provided updates on the Commercial Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/932659555/6f9742c648?share=copy

During this webinar, our own Bonnie Steen provided updates on the P&C Market. Watch a highlight from the discussion below. https://vimeo.com/932655131/346bf382e0?share=copy

During this webinar, our expert panel reviewed valuable insights into Q2 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/930799431/68b9519cb2?  

A homeowner in Memphis, Tennessee, says a tree trimming company\'s negligence led to the tragic death of her daughter\'s dog after he was electrocuted by a powerline left unattended by the company. According to a report from WMC-TV, the dog had been let outside by the homeowners, who did not know crews from ABC Professional Tree Trimming had left a…

Authorities are continuing to investigate a massive warehouse fire March 4 in Clinton Township, Michigan, that caused “hundreds, if not thousands\" of explosions and sent debris flying more than a mile from the site. Metal debris that projected from the burning warehouse — which reportedly stored combustible materials associated with vaping — lead to one tragic death of a bystander…