Liability
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July 31, 2023
Global commercial pricing still moderating except in property
Global commercial insurance rates continue to moderate, according to Marsh, but pricing is still increasing and property coverage remains challenging…
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July 28, 2023
Gallagher reports nearly 20% second-quarter revenue rise
Arthur J Gallagher reported $2.41bn in second-quarter revenue, up 19.8% over the same period last year, as the brokerage continued…
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July 26, 2023
Commercial US price hikes accelerate in Q2: Ivans
US commercial insurance rates accelerated in most lines in the second quarter as property renewals continued to see the biggest…
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July 24, 2023
US P&C insurers see commercial gains wiped out by personal lines losses: AM Best
US P&C insurers reported a $25.7bn loss for 2022 driven by deterioration in personal lines business that wiped out underwriting…
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July 21, 2023
Insurance rate increases moderate a touch to 3% in Q2: Marsh
Global commercial insurance prices rose 3% on average during the last quarter from 4% in Q1 2023, according to Marsh.…
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July 18, 2023
Funk reports return to risk-based underwriting in Germany
Hamburg-based leading independent broker Funk said German risk and insurance managers have found insurers are finally taking the individual risk…
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July 18, 2023
Australian risk managers put on greenwashing alert as regulator warns of concerns
The Australian Competition & Consumer Commission (ACCC) has published draft guidance designed to improve the integrity of environmental and sustainability…
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July 13, 2023
Liability renewals see moderate increases in US
US liability insurance buyers saw flat to high single-digit increases in most coverage layers during mid-year renewals, as insurers offered…
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July 12, 2023
European Parliament backs criminalisation of sanctions violations
Trilogue negotiations between the European Parliament, Commission and Council will now begin on the Council’s proposal for a directive to…
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July 12, 2023
US commercial rates up 5% in Q2: MarketScout
Commercial insurance rates rose an average of 5% in the second quarter as commercial property increases accelerated, according to data…
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July 11, 2023
Building laws and cyberattacks driving PI claims
New legislation on building safety, cybercrime, social engineering and data loss are the top emerging areas of professional indemnity (PI)…
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July 11, 2023
UK property market stabilising with prices up between 1% and 10%: Aon
Aon has told Commercial Risk that the UK property insurance market continues to stabilise, with buyers facing average rate increases…
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July 6, 2023
US property cat reinsurance rate increases highest for 17 years at mid-year: Guy Carp
The broader reinsurance market trends seen at 1 Jan continued at mid-year as the costs of loss free global and…
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July 3, 2023
Reinsurers maintained discipline at 1 July, says Gallagher Re
Reinsurers maintained their discipline during 1 July renewals, with similar pricing and market dynamics to the end of year, but…
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June 30, 2023
Property cat reinsurance rate increases moderate at mid-year: Aon
Aon said a “sense of order” returned to mid-year reinsurance renewals, with property cat pricing up on the same period…
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June 28, 2023
German legal protection insurers’ dieselgate payouts top €1.5bn
The cost of the diesel scandal is the highest in the history of Germany’s legal protection industry, with the total…
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June 28, 2023
EU to tighten protection measures against asbestos risk
The European Council has reached a provisional agreement with the European Parliament on a new law to strengthen the protection…
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June 23, 2023
US property market most challenging in two decades, says Gallagher
The US is seeing two distinct markets emerging in 2023, with property the most challenging in at least two decades…
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June 22, 2023
JP Morgan files ‘unusual’ M&A fraud claim over Frank deal: Liberty
Investment bank JP Morgan has reportedly filed a claim on its merger and acquisition (M&A) policy, citing fraud in its…
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June 21, 2023
Battle for growth to spur further UK market improvement through 2023
The commercial insurance market continues to stabilise for UK buyers with softening now evident across key lines, and even property…