Market News
WTW Survey Finds US Insurance Price Increases Topped 7 Percent in Q4
US commercial insurance prices increased again during the fourth quarter of 2021, according to Willis Towers Watson’s (WTW’s) most recent Commercial Lines Insurance Pricing Survey. The aggregate commercial insurance price change reported by insurers during the quarter was more than 7 percent, WTW reported. Read More
March "CICR" Looks at InsurTechs and Captives
Don't miss the March issue of "Captive Insurance Company Reports" ("CICR"), which leads off with a look at the intersection of InsurTechs and captive insurance, exploring the potential for collaboration between InsurTechs and captive insurance companies both now and in the future. Read More
As Cyber Underwriting Improves, Market Poised for Second Growth Wave
The property-casualty insurance and reinsurance market is well on its way to a transition to a property-casualty-cyber market, a recent report suggests. By 2040, the cyber market will be comparable to those for property or casualty, according to a report from Gallagher Re. Read More
Russian Cyber Attacks May Test War Exclusion Policy Language: Fitch
Cyber attacks associated with Russia's invasion of Ukraine may test the effectiveness of war and hostile act exclusion language in insurance policies, according to Fitch Ratings. The invasion has increased the risk of cyber attacks and potential claims costs for property and casualty insurers around the world offering cyber-insurance coverage. Read More
Connecticut Crumbling Foundations Captive Reaches Major Milestone
The captive insurance company formed to respond to the crumbling foundations property insurance crisis in Connecticut has successfully placed more than 500 families back into homes with safe and secure foundations in less than 36 months, according to Michael Maglaras, principal of Michael Maglaras & Company. Read More