Resources + Insights
Stay informed on emerging issues and trends in the insurance industry.
Limited Capacity, Climate Change and Valuations Further Harden the CAT Property Market
We are continuing to see a hardening trend in the property market, especially in difficult geographic areas, as carriers de-risk their portfolio by limiting their exposure to high-risk perils. With the impact of 5/1 domestic reinsurance treaty renewals now being felt, we’re reiterating some key points from our recent State of the Market report and bringing you a deeper look into the current conditions of the property market.
Infrastructure Act Likely to Influence Builder’s Risk Market
At a time when the industry is still experiencing construction delays related to ongoing supply chain issues and lack of manpower, the additional demands from the Infrastructure Investment and Jobs Act (IIJA) will present both challenges and opportunities for general contractors as well as the retail insurance agents and brokers who serve them. Now is a good time to look at market conditions and talk to your insureds about ongoing trends that are likely to impact future pricing for new projects.
