Market News

The recovery of the US commercial auto insurance segment over the past 2 years might prove unsustainable in 2023 and beyond, according to Fitch Ratings. After a decade of annual underwriting losses, the US commercial auto insurance segment reported a below-100 percent combined ratio in 2021. Read More

While the cyber-insurance market has been one of the most challenging segments of the commercial lines space, there's reason for "cautious optimism" that rates will stabilize and insurers will reward buyers' cyber-hygiene efforts, a new report from Marsh suggests. Read More

Businesses around the world should prepare for an increase in civil unrest as a cost-of-living crisis follows on the heels of the COVID-19 pandemic, according to Allianz Global Corporate & Specialty (AGCS). AGCS noted that social media in conjunction with political polarization is fueling protest movements. Read More

The number of US-domiciled insurers rated by A.M. Best that became impaired increased to nine in 2021 from two in 2020, according to the rating agency. The information is from the 19th annual update on the long-term impairment rates of US-domiciled insurers rated by A.M. Best. Read More

With general inflation at a 40-year high, inflation on goods and services related to property insurance is up 10 to 20 percent over the past year, according to a report from Aon. The Aon report says that material costs and labor shortages have increased costs for all types of building. Read More