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P&C Market Update: Market Continues to Soften, Competition Continues to Rise

P&C Market Update: Market Continues to Soften, Competition Continues to Rise

The US property and casualty insurance market has seen a surplus of growth in the last several years, leading to ample capacity and favorable rates. Overall, it continues to be a buyer-friendly environment that is not expected to change soon, barring a catastrophic...
P&C Market Update: How TRIPRA Nonrenewal Affects Insurance Programs & Why it’s a Favorable Environment for Buyers

P&C Market Update: How TRIPRA Nonrenewal Affects Insurance Programs & Why it’s a Favorable Environment for Buyers

 The non-renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) has far-reaching implications, as the federal backstop will be unavailable to traditional insurers as well as to US-based captive insurers. In the latest Market Update, Lockton...

Construction Growth Brings Opportunity, New Risk Exposures

It’s safe to say the construction sector is finally rebounding from the recession. Nonresidential construction forecasts predict a 5% to 7% increase in spending in 2014. While this growth is welcome, it does present new risk management challenges for contractors. In a...