Commercial Lines

The landmark ruling supports what insurers have argued since the start of the pandemic: COVID-19 does not cause 'physical damage.'

Affected regions sustained severe property damage, including flooded streets, demolished buildings and destroyed homes.

The first-of-its-kind ruling calls risks to employees 'severe' and potentially a 'matter of life or death.'

Insurance carriers recognize that today's customers and prospects are seeking out preferred brands largely via web and mobile.

The world's largest insurance market also is pushing for government-backed funds to protect insurers from a wave of claims during a crisis.

Rate increases, capacity reductions, and other trends continue to harden the market amidst ongoing COVID-19 challenges, says a report from USI.