Liability
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May 10, 2023
Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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May 5, 2023
All major US commercial lines hardened in April: Ivans
All major US commercial lines saw month-over-month premium renewal rate increases in April, shows latest data from Ivans Insurance Service.…
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May 5, 2023
Capacity issues remain for Swedish risk managers
Swedish risk managers are still struggling to get the capacity they need despite an apparent softening of the market. While…
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May 5, 2023
Europe braces for rise in liability costs
European companies should prepare to face a rise in litigation costs thanks to social inflation around liability claims. This was…
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May 4, 2023
Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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May 3, 2023
US Supreme Court decision on Big Oil could fuel flood of claims
A recent decision by the US Supreme Court has dealt a “heavy blow” to Big Oil defendants seeking to move…
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May 3, 2023
Solid growth in 2022 for South Korean non-life insurers
In 2022, the South Korean non-life insurance market grew robustly, as all lines of business generated solid growth, according to…
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April 29, 2023
Double digit growth for US delegated underwriting firms in 2022
Business written through delegated underwriting authority enterprises (DUAEs) in the US grew by double digits for a second consecutive year…
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April 28, 2023
Q1 commercial insurance price increases in the Americas dominated by property
Commercial insurance pricing in the Americas increased again in the first quarter of 2023, according to the Marsh Global Insurance Market…
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April 27, 2023
Insurance price rises moderate in Europe during Q1
Continental European commercial insurance prices rose by 5% in the first quarter of this year compared to 6% in each…
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April 27, 2023
Greenberg says P&C rates have ‘reaccelerated’
“World-class” underwriting results with an 86.3% combined ratio, record net investment income and life income that more than doubled, found…
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April 26, 2023
EU adopts rules for tougher penalties over pay discrimination
The EU has adopted new rules to combat pay discrimination and help close the gender pay gap, which will require…
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April 26, 2023
US P&C insurers concerned over claims inflation
US P&C pricing has moderated and become more predictable, but insurers are concerned over claims inflation, and property coverage remains…
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April 26, 2023
Moody’s sees stable outlook for Japan’s P&C insurance sector
The outlook for Japan's property and casualty (P&C) insurance sector is stable, underpinned by strong capitalisation and profitability despite weak…
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April 25, 2023
Philips sets aside €575m for product recall litigation in US
Dutch health technology firm Philips has reserved €575m to cover a class action in the US related to a product…
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April 21, 2023
Market still hardening as property rate increases accelerate again: Marsh
The global commercial insurance market is still hardening with average rates rising 4% in Q1, the same as the prior…
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April 21, 2023
US property and auto rate hikes accelerate in first quarter
US commercial insurance rates increased again in nearly all lines during the first quarter, with property renewals seeing the biggest…
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April 13, 2023
London market backs dual rate for personal injury awards
London market insurers are calling for dual discount rates to calculate personal injury compensation awards from UK courts. In response…
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April 11, 2023
US cyber rates increase 15% in first quarter 2023
Commercial insurance rates rose in nearly all lines in the first quarter of 2023, with cyber liability and commercial property…
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April 5, 2023
Johnson & Johnson offers £8.9bn to settle talc litigation
Johnson & Johnson has proposed to pay $8.9bn to settle tens of thousands of lawsuits in North America that claim…