Copyright © 2022 ALM Global, LLC. All Rights Reserved.
After more than two years of a turbulent P&C insurance market, mainly driven by rate increases and carrier-initiated displacement in the excess liability lines, the market has found more level ground. While there continued to be displacement in the first quarter of 2022, this time it came from brokers and insureds pushing to contain costs rather than carriers re-underwriting their books.
Between 2020 and 2022, there were more than 20 new excess casualty market entrants. These carriers — along with all the existing capacity with lofty growth goals — became more aggressive on new business deals.
Teaming with Policyholders to Reduce Auto Losses
A $48.5M award: Jury finds property insurance covers COVID-19 losses
Quiet quitting: Is it more than just a better work-life balance?
The 9 most dangerous dog breeds
Top 10 writers of private flood insurance in 2021
Copyright © 2022 ALM Global, LLC. All Rights Reserved.