Stay informed on emerging issues and trends in the insurance industry.
Market cycles are nothing new to the insurance industry; however, the hardening in real estate is unique both due to its persistency and severity. We are seeing a combination of restricted terms, diminished coverage, increased rates and greater underwriting scrutiny unlike anything in recent memory.
Moody’s RMS version 23 brings substantial updates to existing models, addressing core perils and climate change views while introducing enhancements in geocoding, model flexibility, data framework and security. This article explores the potential impact to commercial insureds in Gulf states and the Southeast.
