As 2017 draws to a conclusion, it is important to look back at what occurred in 2017 and hopefully learn from events because, as human beings, if we do not learn from history, we are doomed to repeat it, in this case, with tragic results. The Romans understood this because they had a mythical god, Janus, who had two heads, one looking backward to the past and one to the future.
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This Weekly Market Update reviews the top three market headlines: Federal Reserve Leaves Rates Unchanged, U.S. Government Bond Yields Rise and Strong Jobs Report.
Un Minuto para la Seguridad es publicado por Gallagher en Rolling Meadows, Illinois. La información contenida en esete boletin se ha obtenido de fuentes que a lo major de los escritores conocimientos son auténticos y confiables.
Join our February 2018 webinar that will discuss topics that include a general overview as well as exposures and hazards associated with the various marine liabilities.
A Minute for Safety is published by Gallagher, in Rolling Meadows, Illinois. The information contained in this newsletter was obtained from sources that to the best of the writer’s knowledge are authentic and reliable.
2017 was a record year for cyber attacks, and not in a good way. According to Risk Based Security, Inc., there were 3,833 breaches reported through the end of September 2017, exposing over 7 billion records. This represents an increase in the number of reported breaches of 18.2%, compared with the same period in 2016, with the number of exposed records up 305%.
The Management Liability insurance marketplace for Banks remained largely competitive throughout the 2017 term, fundamentally due to the continued availability of underwriting capacity bolstering competition among insurers. This competition contributed to persistent lower pricing trends as well as substantial coverage enhancements, which were almost universally available for the asking. There was, however, a tangible decline in interest in some asset classes from certain insurers. As in the past, well-performing institutions realized the greatest gains from both a coverage and premium savings standpoint.
This Weekly Market Update reviews the top three market headlines: IMF Believes U.S. Tax Overhaul will Help Spur Global Growth, Euro Breaks $1.25 for the First Time in Over Three Years and Energy Sector Drives Business Investment
As we look to forecast the state of the D&O marketplace in 2018, a close examination of 2017 events and trends is critical. The D&O market in 2017 was best described as a market in flux. The underlying tension in the D&O marketplace was palpable. The numbers of claims increased dramatically, but pricing remained competitive for many risks and flat for most.
The environment for interest rates is all but confirmed for increases, and yet the cycle continues. Its durability doesn’t seem threatened by either a ready supply of equity or debt or even the possibility of oversupply. We have been noticing of late that ‘sectors’ are getting a deeper review by the insurance underwriters. Whereas in the past, the good results for insurance companies professional real estate risk was more uniform overall classes, we have seen that change more in the last 12 months. The ‘Amazon’ effect has put malls and strip shopping centers into a much greater focus and multifamily is also perceived to on its way to an oversupply issue. These two classes are seeing a higher level of scrutiny from the underwriting community.