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    In The News – September 2022

    September 30, 2022

     

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

    Property and Casualty

    • The property facultative market is booming as large commercial property insurers reduce limits. Read more
    • CIAB says that property and casualty premiums were up 6.1% in the second quarter, with double-digit average increases in both cyber and umbrella. Read more
    • The surplus lines market grew by 25% in 2021, and direct premiums written for the U.S. surplus lines segment reached a record of $82.6 billion. Read more

    Cyber

    • Massive ransomware payments and steep rate hikes have put cyber insurance in the spotlight. The market may be showing signs of stabilization, but risks remain. Read more
    • As ransomware claims have increased, so has underwriter scrutiny. Underwriters will be checking your cyber practices for six key security measures. Read more

    Healthcare

    • A new law eliminates the civil claims statute of limitations for people who were sexually abused as minors. Read more

    E&O

    • What happens when a defendant lies about the existence of evidence? Lawyers have ethical obligations to comply with the discovery process and correct false testimony. Read more

    EPL

    • Employee lawsuits are increasing in amount and size, and litigation is being fueled by several social trends. Read more
    • Employers that use biometric information for verification purposes need to pay attention to new privacy statutes and a recent uptick in litigation. Read more

    D&O

    • When cannabis companies can secure D&O coverage, they tend to pay about 50% more – but that may just be part of the reason why small- to mid-size cannabis companies eschew coverage. Read more

    Cryptocurrency

    • Cryptocurrency firms are still hard to insure, but as the industry matures, this may change, and recent volatility could produce useful data. Read more

     

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