MGA FOCUS CYBER EVOLUTION Specialty MGA brings smarts and savvy to a tough market By Elisabeth Boone, CPCU In a world that for better or worse is changing at warp speed, insurance professionals face a daunting array of challenges as they strive to protect their clients against new and emerging risks. Perhaps no other risk category is evolving as rapidly as cyber exposures, which seem to mutate and divide like
Specialty Lines
FOCUS ON SPORTS AND LEISURE Major claims events may lead to market instability By Lori Widmer While celebrity parents buying their children’s way into elite colleges may have dominated the headlines, a larger part of the fallout from the college admissions scandal landed squarely on the shoulders of the NCAA (National Collegiate Athletic Association). When details of the scandal were revealed, eleven coaches from eight top schools were implicated in
Specialty Lines Markets COMMERCIAL AUTO INSURANCE Can rate hikes and telematics turn around this distressed market? By Joseph S. Harrington, CPCU The good news is that the patient is not getting sicker. The bad news is that he’s hardly getting better. That, in essence, sums up the state of the market for commercial auto insurance. In March 2019, A.M. Best reported that it was maintaining a negative outlook on the
FOCUS ON EMERGING P-C PRODUCTS New products address a variety of emerging needs By Lori Widmer For the last decade, much attention in the property and casualty sector has been paid to risks associated with climate. As the U.S. struggles to address climate change, insurers have been laser-focused on how to handle the increasing exposures to a rapidly changing environment from an underwriting perspective. This has led to products being
Specialty Lines Markets MORE RISKS FLOW TO E&S MARKETS, BUT AT WHAT COST? Property CATs and “social inflation” making agents and brokers work harder By Joseph S. Harrington, CPCU Would you expect to receive more money after two consecutive years of “weak results”? That’s what happened to the U.S. excess and surplus (E&S) lines business in 2018, according to Fitch, a leading financial rating agency. The firm’s latest annual review
