Intel

As experts tally losses from the record-breaking 2024 Atlantic hurricane season, which brought a total of 18 named storms and the earliest Category 5 hurricane to date, some estimates suggest that its total damages and economic losses could reach $500 billion. The unprecedented season included five hurricanes that made U.S. landfall, with estimated losses between $25.5 billion and $68.5 billion,…

The owner of an Airbnb in Ithaca, New York, is suing Cornell University and the vacation rental platform in a lawsuit that claims a group of international students who rented her home caused $200,000 in severe and \"bizarre\" damages during their eight-day stay. In the lawsuit, the owner alleges that the exchange students — reportedly “hand-picked” for a summer program…

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…

During this webinar, our own Anella Niewenhous provided insights on the Personal Insurance Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/984331064/7beed588c8

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

Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…

Despite the continued “flight toward profitability” for most carriers, moderation in both rate and capacity is occurring in many insurance sectors. Most rates are rising, but the level of increases is slowing. Capacity is generally available but often requires creativity. On the Casualty side, some classes remain stressed while carriers are competing for business in others. These and other trends…

During this webinar, our experts gathered for an outlook into Q4, including high-level market overviews and insights. https://vimeo.com/873830823/a60f420cfa?share=copy

We have seen few changes in the Property & Casualty (P&C) marketplace from Q1 through Q2 of 2023, however, the broader picture is becoming clearer now that 2022 year-end financial filings are available. According to ALIRT Insurance Research, the discrepancy between Personal and Commercial Lines Composite underwriting is historically wide. Namely, the Personal Lines Composite combined ratio of 109 percent…

During this webinar, our experts provide an outlook into Q2 2023 highlighting Personal Insurance, Commercial Property and Commercial Casualty. We discussed the challenges, emerging markets, and tips for brokers and agents. https://vimeo.com/817407980/9b90680b35

Vecna, take note: The Byers’ family home will soon have new occupants. A home in Fayetteville, Georgia, that was used in the filming of the hit sci-fi horror series Stranger Things was recently listed for sale for $300,000. It was then taken off the market just one week later after an offer was reportedly accepted for nearly double the asking…

Macroeconomic trends, namely inflation and rising interest rates, are having a profound effect on the Property & Casualty (P&C) market as we head into the second half of 2022. Inflation impacts everything—from rapidly changing property values to challenges with mid-year reinsurance renewals. These are truly generational inflationary pressures that most professionals within the industry have never personally experienced. Even with…