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Recent reforms, which are more for homeowners, are a step in the right direction, but it's not close to solving the crisis.
The groups being disciplined control around 90% of Japan's entire P&C market.
Industry experts and carrier executives share insights on the trends that will shape the 2024 home insurance market.
Even in the hardest of markets, agencies can flourish in the new year by forging stronger bonds with their carrier partners and clients.
The U.S. surplus lines market has seen double-digit growth in recent years for a reason: It's a reliable solution.
P&C companies increased paid social spending by nearly 30% during 2023's second quarter, according to Mintel.
Residents are blaming antiquated infrastructure in Miami-Dade and Broward Counties, compounded by rising sea levels, king tide, and stormwater flooding.
The same risks that are making insurance more important are also making it harder to get.
The outlook is driven by a host of factors, including rising loss cost severity and increased losses from secondary perils.
Nearly half of brokers surveyed by Chubb said their clients don't request flood insurance quotes.