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Review how a range of commercial insurance lines are performing as well as the challenges and opportunities being presented by businesses seeking coverages ranging from commercial general liability to specialty coverage designed for niche industries.

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As insurers show a keen interest in broadening their services, and more businesses find themselves obliged to obtain or increase coverage, the professional liability insurance market presents an opportunity for brokers. (Credit: Pcess609/Adobe Stock) As insurers show a keen interest in broadening their services, and more businesses find themselves obliged to obtain or increase coverage, the professional liability insurance market presents an opportunity for brokers. (Credit: Pcess609/Adobe Stock)

The property and casualty insurance industry is currently grappling with a complex array of challenges that profoundly affect its market.

Notably, the American Property Casualty Insurance Association (APCIA) reports that the overall P&C market is facing reduced profitability, as evidenced by a net underwriting loss of $26.9 billion in 2022.

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