Markel reports lower Q1 results

Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….

The survey, which gathered responses from 500 senior executives worldwide, found that 65% identified cyber attacks as the primary reputational risk, up from 52% in 2023. Environmental concerns followed closely, cited by 64% of respondents, also a rise from 52% the previous year. Source link

David Blades (pictured above), associate director, industry research and analytics at AM Best, said that social inflation, life care plans, jury anchoring, and litigation financing are frequently cited as contributing to the escalation of excess verdicts.  Source link

Adaptive frameworks and external advisors are key Source link

Improved premium retention contrasts with high catastrophe burden Source link

Legal professionals are assessing the insurance implications of trade-related disruptions. According to Pillsbury Law’s Jeff Kiburtz and Lisseth Ochoa-Chavarria, several lines of coverage may be affected, including political risk, directors and officers liability, builder’s risk, subcontractor default, and marine insurance. Although tariffs do not cause physical damage, the financial and operational fallout may lead to…