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    In The News – February 2022

    February 3, 2022

     

    A collection of noteworthy and topical articles we found helpful this month.

     

    Property

    • The Marshall Fire caused about $1 billion in damage in Colorado, and because of rising construction costs, losses may exceed coverage for some homeowners. Read more
    • Insured COVID losses total $44 billion so far, making it the third most expensive catastrophe for insurers in history, but a lack of COVID-related cancellation coverage may keep costs from reaching $100 billion. Read more

    Casualty

    • The global market for aerospace and defense coverage has grown in recent years, and a bigger boom may be ahead. Read more

    • Property and casualty rate increases have averaged 10% recently, but rate hikes show signs of slowing in 2022. Read more

    Cyber Liability

    • Cyberattacks had a big impact in 2021. Here are 10 of the major risks that stood out. Read more
    • Will the supply chain crisis get worse before it gets better? Here’s how a second wave of disruption could happen. Read more

    Healthcare

    • As some insurers leave the medical liability market, new insurers are taking on some of the capacity. Read more

    D&O

    • SPAC governance issues have important implications for anyone considering the litigation risks relating to SPACs. This article provides insight. Read more
    • D&O insurance buyers are still seeing rate increases and reduced limits despite added capacity and stability in the market. This is partially due to growing SPAC exposures and losses.  Read more

    Other

    • What is an insurance agent’s job? Delivering quotes to make sales? Or understanding a client’s needs to deliver solid asset protection? While many agents focus on the former, this article makes a case for the latter. Read more

     

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