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Roof repair and replacement costs hit $31 billion – report
[ad_1] In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen…
Insurance moves at The Hanover, AXA XL, RT Specialty, BenefitMall and Allianz Commercial
[ad_1] They include an inaugural COO and a new head of property [ad_2] Source link
WTW report exposes shifting terrorism insurance risks
[ad_1] The Australian Reinsurance Pool Corporation (ARPC), for example, was formed in the aftermath of 9/11, when commercial terrorism coverage became scarce. It offers reinsurance for losses related to declared terrorist incidents affecting commercial property, business interruption, and liability. [ad_2] Source link
Talanx Group’s Q1 preliminary earnings released
[ad_1] Result is well above the consensus forecast for the quarter [ad_2] Source link
AIG delivers Q1 results above expectations
[ad_1] Growth most notable in the global commercial segment [ad_2] Source link
How strong is capacity in construction insurance?
[ad_1] WTW’s Jim Dunlap and Lockton’s Chase Johnson make up the first Construction Insurance Power Panel of 2025. In this discussion, they examine current capacity and appetite among carriers, contract scrutiny, CPL and offer their predictions for the market. [ad_2] Source link