P&C market update: A laser-focused approach
Despite strong financial performance, the US property and casualty (P&C) market is still in a modest transition, as there is a continued increase in the frequency of severe claims and a prolonged period of large weather events. This is leading the market to be...
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Avoiding Punctures – How to Mitigate Execution Risk with W&I Insurance
Insurance for mergers and acquisitions risks (namely Warranty & Indemnity, Tax, Legal and other related contingencies) has come a long way since the early 2000’s. Back then there were limited insurers with a fairly restricted appetite, resulting in coverage that...
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New York Banks and Insurers are the Focus of Proposed Cybersecurity Regulations
Banks, insurance companies and other financial service companies licensed or chartered by the state of New York will likely soon face increased cybersecurity requirements. Two years in the making, New York’s Governor Cuomo announced proposed cybersecurity...
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The Storms’ Aftermath: What You Need to Know About Filing a Claim
At Lockton, we’re ready to help evaluate your claim if you’ve suffered loss in the recent storms. We'll work with you and your adjuster to fully explain the steps that need to be taken. For more details about how to prepare your insurance claim, click...
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The Impact of the Brazilian Crisis on the Trade Credit Insurance Market
In many countries there is a direct correlation between GDP variations and corporate insolvencies. There is a benchmark found in some studies which states that for each drop of 1% in the GDP there is an increase of 5% to 10% in corporate insolvency levels....
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Brexit: The Lockton Way
Brexit: The Lockton Way The initial economic and emotional response to the UK’s vote to exit the EU is now behind us, leaving much conjecture and ambiguity. One certainty is that Lockton continues to work closely with its clients to inform, manage and where possible,...
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3 Keys to New 2017 OSHA Reporting Requirements
The Federal Occupational Safety and Health Administration (OSHA) has passed a final rule effective Jan.1, 2017 regarding electronic OSHA 300 log reporting. While the new electronic OSHA 300 log reporting requirements will be phased in during the next two years, there...
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Don’t Wait for a Recall: Your Standard Insurance Policy Won’t Cover It
Recalls are on the rise, yet approximately half of companies in key consumer industry segments lack proper risk management. Without it, a recall can push a successful company into a downward spiral that may be impossible to reverse. The price of...
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P&C Market Update: Market Remains Competitive Despite Select Carrier Changes in Strategy and Approach
Lockton has released its July 2016 P&C Market Update, and after another year of underwriting profits and strong capitalization, the current property/casualty marketplace remains very competitive through the first half of 2016. Two of the largest...
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Managing Risk After Brexit
The UK vote to exit the European Union may ultimately have far-reaching implications for businesses around the world. The vote has created uncertainty. The best response is to remain calm and avoid hasty decisions that may not be in your best interest. Lockton is...
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Lockton Comment on UK Vote to Exit the EU
The UK vote to exit the EU (Brexit) has sent shudders through financial markets and created a cascade of political changes. Our clients face an array of short-term challenges with foreign exchange volatility especially in the core currencies of the sterling,...
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Why it’s Too Early to Say the Energy Market Has Reached Bottom
The insurance market continues to feel the pain of the industry down-turn. The supply and demand imbalance for the past 18-24 months has continued unabated. The market is still characterized by drastic over-capacity and demand that has fallen off a cliff. CAPEX is...
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Energy Market Seeing Choppy Waters in the Gulf of Mexico
More egregious than the US Government cracking down on banks for being overly optimistic with their loans, has been the direct influence of regulators on the wider operations of energy firms. Especially with respect to their surety / bonding obligations. Nowhere has...
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