Home

Instant Insights / Forecasting what 2024 holds for the P&C industry

Explore the developments 2024 is expected to bring to the P&C insurance industry, including details on the latest insurtech trends as well as insights specifically relevant to clients in specialized fields such as winemaking and aviation.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Boeing 737 on the tarmac Photo: Nikolay N. Antonov/Adobe Stock

A financial crisis is incoming for the aviation industry in the new year due to insurers’ responses to lawsuits filed after multiple air crashes in the last two years, misjudging how much money is needed to pay damages, an expert warns. 

Steven Marks, partner at Podhurst Orseck in Miami, told Law.com that an industrywide panic is likely on its way in 2024, prompted by reinsurers who provide coverage for air carriers failing to move their cases out of the United States and causing damages leveled against them to climb to astronomical levels. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.