In a year that blends cautious optimism with lingering hurdles, Rochester’s commercial insurance market presents a fascinating snapshot of stability and strain for local businesses navigating their risk management plans. Drawing on the seasoned perspectives of industry leaders Pierre Morrisseau,
In the ever-evolving landscape of the U.S. property and casualty insurance sector, the workers’ compensation line has emerged as a surprising bastion of profitability, even as competitive pricing pressures mount and economic uncertainties loom on the horizon. Despite consistent rate cuts that have
In the fast-paced realm of specialty insurance, where risks are as unpredictable as a storm on the horizon, a staggering statistic looms large: only one in ten submissions typically bind, bogging down underwriters with inefficiencies and skyrocketing costs. This bottleneck in underwriting,
What happens when a booming construction market collides with a flood of eager insurers, slashing rates and offering policies that seem too good to be true? In today's fast-evolving landscape, brokers are caught in a high-stakes game of opportunity and risk, where a single oversight could spell
What happens when a global corporation faces a sudden cyberattack, losing millions in data breaches overnight, with no safety net to fall back on? In today’s volatile world, such scenarios are not just possibilities but stark realities that businesses confront daily, and insurance brokers, often
What happens when the cost of safeguarding a business unexpectedly becomes more affordable, right in the middle of economic uncertainty? In a striking turn of events, global commercial insurance rates have dropped by 4% in the third quarter of this year, offering a lifeline to companies worldwide.
