Hurricane Matthew Losses Unlikely to Turn the Commercial Property Market

The commercial insurance industry may be looking to buck a trend of falling rates, but losses from Hurricane Matthew seem less likely to be the kind of catastrophic event to turn the market.

As Hurricane Matthew approached Florida late last week, some catastrophe modelers estimated losses of $30 billion from what was a raging Category 4 storm.

Read more at http://www.advisenltd.com/2016/10/17/hurricane-matthew-losses-unlikely-to-turn-the-commercial-property-market/

Erin Ayers, Hurricane Matthew losses unlikely to turn the commercial property market (October 17, 2016), available with subscription at Advisen Professional Front Page News.

Marsh Sees Buyer’s Insurance Market, Heightened Demand for Cyber in 2016

The US commercial insurance market should be beneficial for buyers, with continued downward pressure on rates as well as steady demand for cyber insurance coverage, a trend that surged in 2015, according to the latest report from Marsh.

“With 2016 under way, the global insurance marketplace appears to be heading in the general direction of soft pricing, reflecting insurer capacity, competition, and relatively low catastrophe losses,” said Robert Bentley, president of Marsh’s US and Canada division. 

Read more at http://www.advisenltd.com/2016/02/22/marsh-sees-buyers-insurance-market-heightened-demand-for-cyber-in-2016/

Erin Ayers, Marsh sees buyer’s insurance market, heightened demand for cyber in 2016, Advisen News (February 22, 2016), available with subscription at www.advisenltd.com.