IICF will honor Marsh and all their employees with its prestigious “Double I” award.
Author: Annie George
U.S. P&C Sector Weathers S&P Downgrade
Despite S&P’s downgrade of the U.S. P&C market to negative, the sector stocks continue to fare well.
W. R. Berkley Corporation Forms E&S Business to Serve Middle-Market, Large Accounts
W. R. Berkley Corporation announced the formation of Berkley E&S Solutions.
Storm Survivors Say Disaster Relief System Needs to Be Fixed
Survivors of storms proposed five reforms to help future storm victims avoid the delays, runarounds, and financial desperation they encountered.
FutureProof Expands Team in E&S Homeowners Market
FutureProof’s homeowners E&S product expands with two additional team members.
Office Building Owners Bracing for Drop in Property Valuation
Prices for some aging office towers have already dropped by a quarter as potential buyers struggle to secure financing at a time when interest rates are rising rapidly.
Homeowners Insurance Is a Minefield for Louisiana Officials
Louisiana officials are facing complaints from homeowners over storm damage and rising premiums while carriers are exiting the market or filing bankruptcy.
Dubai Aerospace Sues 11 Insurers Over 19 Jets Grounded in Russia
Dubai Aerospace Enterprise (DAE) has filed a lawsuit in London against 11 insurers, including Lloyd’s of London, AIG, Chubb, and Swiss Re.
Florida Cat Fund Could See $10B in Losses from Hurricane Ian
Officials estimate that Hurricane Ian caused $10 billion in losses to the Florida Hurricane Catastrophe Fund.
Swiss Re Posts Hurricane Ian Losses, Anticipates Renewal Price Hikes
Swiss Re posts losses due to Hurricane Ian and indicates price increases for 2023.