WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed notable insights regarding U.S. commercial insurance rates. The survey indicated an aggregate increase of 5.6% in the fourth quarter of 2024 compared to the same period in the previous year. Though this increase remains s
The commercial insurance landscape in the United States has seen significant fluctuations over the years, with a general trend of rising rates. According to the latest data from WTW's Commercial Lines Insurance Pricing Survey (CLIPS), the fourth quarter of 2024 continued to witness an upward
In a dynamic business environment, the importance of having adequate and up-to-date liability insurance cannot be overstated. Many small businesses initially obtain liability insurance, but as time progresses, they often neglect to review and update their policies. This oversight can lead to
The global casualty reinsurance market is currently navigating a complex landscape marked by the challenges of social inflation and growing reserve concerns. Despite these pressures, capacity remains abundant, driven by investor interest and structural advantages inherent in casualty lines. The
The City of Peterborough is weighing a considerable modification to its downtown patio program, a scheme that has provided businesses the opportunity to extend their outdoor seating onto municipal property. The proposed change revolves around an increase in the required liability insurance coverage
In today's digital age, where technology continually evolves, the landscape of cyber threats is constantly changing and expanding, posing significant risks to businesses and managed service providers (MSPs) alike. With cyber incidents becoming more frequent and sophisticated, the need for
