As natural disasters become more frequent and severe, commercial property owners in disaster-prone regions face the growing challenge of skyrocketing insurance costs. Hurricanes, wildfires, and other catastrophic events have compelled the insurance industry to raise premiums substantially while
Series A Success A Rapid Sequence of Funding Rounds Coverdash, an insurtech startup based in New York, has recently garnered significant investor attention by securing a $13.5 million Series A funding round. This new capital infusion adds to its already impressive fundraising achievements, bringing
In the last part of 2023, commercial insurance rates in the US have experienced a notable increase, rising by 6.6% from the previous year. This upturn is part of an ongoing trend where the insurance industry has seen a steady escalation in rates of over 6% for consecutive periods. The comprehensive
Falvey Insurance Group has recognized the changing insurance landscape for various industries and responded by creating an innovative Commercial Output insurance product. This new offering targets the unique challenges faced by sectors such as manufacturing, institutional, industrial, and commerce.
The health of the US commercial insurance sector is reflected through the pattern of policy pricing changes. Recent data from WTW's Commercial Lines Insurance Pricing Survey (CLIPS) for Q4 2023 highlights a significant rise in prices, now exceeding 6%, which marks a clear increase compared to
