Intel

The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…

Cargo theft rates are climbing as sophisticated scammers increasingly target transportation companies using high-tech schemes, according to reports. Freight thefts that involve identity theft, double brokering and online scams are surging, Business Insurance recently reported, with virtual thefts making it possible for criminals to target companies from anywhere in the world. These methods make it faster…

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…