Sandy’s Aftermath: Early Read on Energy Market Impact
It is still very early in the damage assessment process to have a clear picture of the impact on the marine and energy insurance markets. It is worth noting that there is not a significant...
View ArticleAfter Superstorm Sandy – Property Insurance Coverage Issues Wash Ashore
Property Insurance Coverage Issues Wash Ashore Superstorm Sandy-the anomalous result of a massive tropical storm colliding with a cold mass that turned the storm inland-has caused unprecedented damage...
View ArticleU.S. P&C Market: Competition Keeping Rates in Check; Sandy’s Impact Becoming...
Rates continued to creep up modestly in the second quarter in most lines of coverage. However, Lockton experts believe that the competition in the marketplace has kept the rates at reasonable levels....
View ArticleCatastrophe Models: Learning from Superstorm Sandy
Although Superstorm Sandy was only a Category 1 hurricane, it made landfall on October 29 as the largest Atlantic hurricane on record. By October 31, catastrophe modeling firms EQECAT and AIR estimated...
View ArticleProperty & Casualty Rates Kept in Check; No Profound Impact from Sandy
The results of the first nine months for the U.S. property and casualty market were recently released indicating a U.S. property and casualty market with near-record capacity, a large drop in CAT...
View ArticleCalm After The Storm – A View From London
With capacity still in plentiful supply, the shock of Sandy has not triggered any knee jerk reaction from insurers or reinsurers. But with continued low investment yields, carriers are attempting to...
View ArticleAM Best Video: Sandy Holds Commercial Insurance Rates in Check
AM Best is reporting that commercial insurance rates are generally holding steady to trending slightly higher. In a recent interview with me, Best’s John Weber and I discussed how property catastrophe...
View ArticleNew Risks and Opportunities in Latin America
Compared with other regions, Latin America has relatively low insurance market penetration: roughly half that of North America or Europe. The region accounts for roughly 8% of global GDP, but only 3%...
View ArticleLockton Market Insight: Rate Increases Moderate; Workers’ Compensation...
Despite large losses from Superstorm Sandy and a challenged investment environment, U.S. Property and Casualty carrier profitability improved in 2012. The improvement came as a result of rate increases...
View ArticleFree Webinar Offers Tips on Taking Advantage of Construction Comeback
As the construction industry is poised to make a comeback after the economic downturn, business leaders and risk managers need to be positioned to take advantage of this growth. Michael Campo, team...
View ArticlePolitical Violence Update – Summer 2013
Following the emergence of some considerable new capacity being released into the terrorism market from insurers XL, ANV and IGI, and an ever increasing appetite for this ‘profitable‘ line of...
View ArticleLockton Market Update – P&C Insurer Profitability Rebounds Q1 2013
The US property and casualty insurance industry experienced a sharp uptick in profitability for the first quarter of 2013. With the release of these numbers, Lockton experts weigh in on current...
View ArticleSuperstorm Sandy Forces Businesses to Assess Overall Risk Management Plans
Cause of loss questions, concurrent damage clauses result in complex claims Total economic losses from Superstorm Sandy have been estimated at $70 billion or higher, with insured losses between $25...
View ArticleConstructing a Strong Contract
Contractual Agreements and Their Impact on Additional Insured Endorsements In the construction industry, companies routinely transfer their liability risks to others through the use of contractual...
View ArticleProperty & Casualty Market Update: Summary of 2013 and Looking Ahead to 2014
The market rebounded at the beginning of 2013 and remained strong through the first half of the year. As 2014 approaches, Lockton experts reflect on the state of the Property and Casualty market and...
View ArticleProperty & Casualty Update: Competition Creates Advantageous Market for...
New markets have come in on the property side with significant capacity, both traditional and nontraditional. We’re seeing increased capacity not only from U.S.-based carriers but also from Bermudian...
View ArticleProperty & Casualty Update: Increasing Capacity and Competition Contributing...
In today’s insurance market, excess capacity and increased competition (for the most part) have created opportunity in negotiating terms and conditions. Depending on the line of business, this has come...
View ArticleP&C Market Update: How TRIPRA Nonrenewal Affects Insurance Programs & Why...
The non-renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) has far-reaching implications, as the federal backstop will be unavailable to traditional insurers as well as to...
View ArticleP&C Market Update: Market Continues to Soften, Competition Continues to Rise
The US property and casualty insurance market has seen a surplus of growth in the last several years, leading to ample capacity and favorable rates. Overall, it continues to be a buyer-friendly...
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