According to an updated commercial lines report from insurance brokerage firm Woodruff Sawyer, the number and severity of named storms, as well as where and when they make landfall, will have an effect on property premiums for the rest of the year and into the following year.
Tag: Woodruff Sawyer
Market Conditions Continue to Stabilize with Exceptions: Woodruff Sawyer
Market conditions did not change significantly from the previous quarter in the fourth quarter of 2021, according to Woodruff Sawyer. We continue to see stabilization in many sectors of the commercial lines market, and cyber remains a concern for insurers as ransomware losses continue unabated. As premiums continue to rise, cyber buyers are feeling the… Continue reading Market Conditions Continue to Stabilize with Exceptions: Woodruff Sawyer