The market is always fluctuating, and though we anticipated a tightening market in 2018 as a result of the catastrophic events that occurred at the end of 2017, that threat has largely dissipated. Instead, underwriters have taken a more targeted approach — looking at Clients’ overall risk profiles, including geography, industry, coverage line, loss history and risk management controls.
1 - 7 of 7 items [Currently showing All Items in Property]
Commercial property insurance buyers continue to experience a competitively priced market and benefit from moderate single-digit rate increases.
August 29, 2015 marked the ten year anniversary of Hurricane Katrina. Katrina remains the largest ever windstorm loss and the costliest disaster in the history of the global insurance industry, causing between $45 and $60 billion in insured losses. Katrina changed how the insurance industry views and manages risk. Initial loss estimates were difficult to predict because of the scarcity of quality information. Catastrophe (CAT) modeling has now become routine and quality data drives better modeling results and thus terms and conditions. This Gallagher Property Marketing Update: First Quarter 2015 reviews how is all of this affecting the property market.
Download the Arthur J. Gallagher & Co. Infographic for a clear, concise overview of Gallagher’s capabilities and strengths in the marketplace, from the perspectives of both Benefits & HR Consulting and Commercial Insurance & Risk Management.
In 2014, the year began with the second costliest winter storm in over 20 years. The U.S. also experienced two additional loss events triggered by natural disasters including severe thunderstorms throughout the country and the Napa earthquake - which was the largest U.S. earthquake loss since 2001. Globally, natural disasters produced a combined total insured loss of $39 billion in 2014, which was 38% below the 10-year average and the lowest annual insured loss total since 2009. This Gallagher Property Marketing Update: First Quarter 2015 reviews how is all of this affecting the property market.
Why Do Environmental Lawyers Get Sued for Malpractice? What Can They Do to Avoid a Malpractice Claim?
Lawsuits are becoming commonplace these days, and environmental lawyers are not immune to malpractice liabilities. It’s important to remember that you have to identify your risks in any profession and have a plan if potential issues arise.
Bring Your Insurance Policy to the Tailor so Your Insurance Company Doesn't Take You to the Cleaners
Considering the unfortunate rise in terrorism-related incidences, it might be time to review your organization’s coverage in the event a situation should arise.