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The 2024 global insurance outlook remains neutral amid inflation and uncertain economy, Fitch Ratings reports.
The Atlantic hurricane season officially begins this weekend with the start of June and runs through November.
Home prices across the nation are overvalued, in many cases by more than 10%, according to Fitch Ratings.
This period marks a turning point for commercial property coverage, with easing and increasingly flexible options available to buyers.
The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.
Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.
Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
The U.S. surplus lines market has seen double-digit growth in recent years for a reason: It's a reliable solution.
The sector's success is largely pegged to a favorable pricing environment and growing demand from hard to place risks.
The country's natural catastrophe insurance pool reportedly has a limit of $275 million in excess of $25 million.