Liability
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Rates up 4% in Q4 as moderation trend continued: Marsh
Average global commercial insurance rates rose by 4% in Q4 2022 as prices increased for the 21st consecutive quarter but…
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Major industry claims trend report from Sedgwick
Sedgwick has released its Imagine 23 report of major industry trends and issues that are going to dominate the year…
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Revisit valuations and policy limits as inflation rises, says WTW
WTW has urged risk managers to revisit valuations and policy limits in order to mitigate against inflationary effects and ensure…
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US workers’ compensation market still soft but potential for worsening loss trends
US workers’ compensation remained the insurance industry’s strongest-performing large product line in 2022, and results will continue to be buoyed…
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Reinsurance renewal signals new reality for buyers, says Aon
The January 2023 renewal was the most challenging in a generation, as the reinsurance market underwent a fundamental shift in…
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Dutch risk managers warned to brace for more class actions in 2023
Risk managers in the Netherlands and their defence lawyers can expect more class actions brought against big firms in 2023…
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BI and cyber top risk list for Americas and Asia Pac in Allianz Risk Barometer
The two most important business risks in the Americas and Asia-Pacific in 2023 are business interruption and cyber incidents, according…
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PFAS litigation to gather momentum in Europe and worldwide
Perfluoroalkyl and polyfluoroalkyl substances (PFAS) litigation will continue to gather momentum this year with an increased focus on claims outside…
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US casualty market more competitive, but property still challenging, says USI
Hurricane Ian shattered the hope for a swift return to a more stable insurance market environment in the US property…
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Clyde & Co to launch in Italy
Law firm Clyde & Co is expanding in Europe with the launch of an office in Italy after hiring Leonardo…
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Liability rate hikes moderate in US as capacity expands
US general and excess liability insurance buyers saw largely modest price rises at year-end renewals as underwriters continued to push…
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German court questions Greenpeace emissions case against VW
A legal case brought by Greenpeace against VW that challenges the car manufacturer’s carbon emissions has opened in Germany, with…
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Zurich North America launches sustainability-focused captive
Zurich North America has launched a group captive that will offer auto, general liability and workers compensation coverage, while optimising…
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UK banks face billions of damages from class actions
The UK’s leading banks are facing at least 109 class and group action lawsuits across different jurisdictions, which could potentially…
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Amynta acquires MGU Ambridge from Brit
Amynta Group is to acquire Ambridge Group, the managing general underwriter operations of Brit Ltd, a subsidiary of Fairfax Financial…
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US commercial insurance rates rise 5.1% in Q4: MarketScout
The composite rate for US commercial insurance was up 5.1% in the fourth quarter of 2022, according to a report…
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Some rates will stabilise in US but bad risks face hikes
While rates are stabilising for some P&C buyers in the US, organisations with less favourable risk profiles or challenging loss…
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Property reinsurers push Europe into hard market at 1/1 renewals
European reinsurance buyers once again faced a hard market at January renewals after ten years at the bottom of the…
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Reinsurance renewals one of the hardest in living memory, says Howden
The convergence of geopolitical and macroeconomic shocks, as well as the second-most expensive natural disaster ever in the form of…
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Insurance industry launches campaign to take on US plaintiff bar and combat social inflation
Zurich told Commercial Risk that it is making progress on a campaign to bring insurers and other parties together to…