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U.S. commercial property insurers continue to voice concern about undervaluation and inflation, according to Marsh.
Home insurance rates in the U.S. are expected to see an average increase of 9% this year.
While underwriting losses are expected to improve, a return to profitability might be out of reach for 2023.
Cyber, inflation and compliance are top challenges but sustainability is a huge opportunity in this sector.
A report from MarketScout breaks down which industries and lines saw the largest rate increases to start 2023.
From estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.
Depending on the market, higher-value projects require more documentation and underwriting intervention.
Review the construction materials costs and labor prices that are rising the fastest and, in turn, impacting claims the most.
Insured-property ZIP codes are one of the factors underwriters consider when quoting the premium for a given policy.
Coverage Q&A: Solar lights in the insured's yard were destroyed in a fire. Should they be covered under 'landscaping'?
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