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Undeclared Allergens Push U.S. Food Recalls to Post-Pandemic High
Food recalls in the U.S. are on the rise, reaching a new high since the pandemic began and reversing the previous trend of decline, according to reports. In total, the U.S. Department of Agriculture and the U.S. Food and Drug Administration together recorded 313 food recalls and public health alerts in 2023, compared to 289 and 286 in 2022 and…
P&C Report: 2024 Q2 Outlook
Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…
Video: Commercial Insurance Overview
During this webinar, our own Doug Legters provided updates on the Commercial Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/932659555/6f9742c648?share=copy
Video: Property & Casualty Market Outlook
During this webinar, our own Bonnie Steen provided updates on the P&C Market. Watch a highlight from the discussion below. https://vimeo.com/932655131/346bf382e0?share=copy
Webinar: P&C Market Outlook – Q2 2024
During this webinar, our expert panel reviewed valuable insights into Q2 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/930799431/68b9519cb2?
Massive Warehouse Fire Sends Debris Flying Leaving Clean-up Catastrophe
Authorities are continuing to investigate a massive warehouse fire March 4 in Clinton Township, Michigan, that caused “hundreds, if not thousands\" of explosions and sent debris flying more than a mile from the site. Metal debris that projected from the burning warehouse — which reportedly stored combustible materials associated with vaping — lead to one tragic death of a bystander…
Stanley Cup Maker Sued for Failing to Disclose Lead in Tumblers
A lawsuit filed Feb. 1 against the makers of the highly sought-after Stanley insulated cup accuses the company of failing to disclose the presence of lead in its popular tumbler. The lawsuit, brought by consumers in California and filed as a potential class-action case, claims Stanley parent company Pacific Market International concealed their use of lead in the tumblers until…
P&C Report: 2024 Forecast
Many of the primary factors that influenced the status of the Property & Casualty (P&C) market in 2023 are likely to remain in 2024. We continue to operate in a comparatively hard environment marked by rising but moderating rates on some lines of business, where it is often necessary to layer available capacity that includes carefully worded terms and conditions…
Video: 2024 Commercial Insurance Highlight
During the P&C Market Outlook: Eye on 2024 Webinar on January 4, 2024, our own Blaise D\'Antoni joined us to provide an update on the Commercial Insurance market. Watch a highlight from the discussion below. https://vimeo.com/901640168/9d169dd209?share=copy
Video: 2024 Commercial Insurance Outlook
During the P&C Market Outlook: Eye on 2024 Webinar on January 4, 2024, our own Rebecca Roberts joined us to provide an update on the Commercial Insurance market. Watch a highlight from the discussion below. https://vimeo.com/901179484/c456917325?share=copy
Webinar: Property & Casualty Market Outlook – Eye on 2024
During this webinar, our experts Blaise D’Antoni, Bill Gatewood, and Rebecca Roberts met to discuss the factors that will shape the 2024 Property and Casualty market. Paul Smith hosted. Key Takeaways: There is an overall broader sense of optimism in the 2024 commercial property market. It has improved but still has to overcome the significant CAT losses from previous years…
Builders, Homeowners Strained as Construction Costs Continue to Rise
Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…
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