The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry

Social inflation is an issue that continues to gain intensity – but what does it mean for our industry? The term describes the convergence of societal and legal trends to the tune of increased litigation, broader definition of duty to care, legal decisions tipping in the plaintiff’s favor, and larger jury awards. In turn, we’reContinue reading “The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry”

U.S. Surplus Lines Insurance Market Size to Reach $125.92 Bn by 2027 at 15.2% CAGR

Allied Market Research published a report, titled, “U.S. Surplus Lines Insurance Market by Coverage (General Business Liability Insurance, Allied Lines Insurance, Fire Insurance, Inland Marine Insurance, Commercial Multi-Peril Insurance, Commercial Auto Insurance, and Others), Distribution Model (Retail Agents, Wholesalers, and Others), and Application (Commercial and Personal): Country Opportunity Analysis and Industry Forecast, 2020–2027.” According toContinue reading “U.S. Surplus Lines Insurance Market Size to Reach $125.92 Bn by 2027 at 15.2% CAGR”

20 Things to Know About Surplus Lines Insurance in 2020

As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a new, fresh look at many of the statutory and regulatory standards applicable to surplus lines insureds, brokers and insurers alike. By Zachary Lerner | FebruaryContinue reading “20 Things to Know About Surplus Lines Insurance in 2020”