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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.

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Insurance in 2021: A tale of the ant and the grasshopper

Expect a hardening environment in the year ahead with fewer policies, higher premiums and restrictive coverage.

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Like Aesop's ant, insurers must take this time to plan and 'prepare for winter.' (Getty images/ALM Media archives) Like Aesop’s ant, insurers must take this time to plan and ‘prepare for winter.’ (Getty images/ALM Media archives)

The insurance hardening market cycle that began more than three years ago is being exacerbated by falling investment returns from the low-interest-rate environment as well as the onslaught of risks associated with the coronavirus pandemic and climate change. Insurers experienced higher claims across almost all product lines in 2020.

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