Market News
US Crop Insurance Faces Pressure from Drought and Price Volatility
US crop insurance struggles due to drought and commodity price volatility, leading to anticipated declines in premium levels for 2024, according to A.M. Best. Read More
Q2 2024 Sees Mixed Premium Renewal Rate Changes for Commercial Insurance
"Ivans Index" reveals most commercial insurance lines saw year-over-year premium renewal rate increases in Q2 2024, except for workers compensation and general liability, which experienced decreases compared to Q1. Read More
Reinsurers Can Withstand Preliminary Loss Estimates from CrowdStrike Incident
Fitch Ratings finds that the CrowdStrike incident will have limited financial impact on global reinsurers despite preliminary loss estimates. Read More
Global Commercial Insurance Rates Flat in Q2, Ending 26-Quarter Increase Streak
Global commercial insurance rates remained flat in Q2 2024, ending a 26-quarter streak of rising rates, driven by increased competition among insurers. Read More
New Captive Insurer Eases Rising Insurance Costs for Affordable Housing
Discover how a captive insurance solution can address the unique challenges of NYC's affordable housing market. Read More