Marsh promotes Adam Russell to global wholesale chief

In 2024, the market is estimated to reach $42.8 billion in value, supported by greater awareness of liability risks and growing demand for tailored coverage across industries. Real estate professionals, in particular, have faced higher claim frequency in areas such as transaction disputes, data breaches, and duty-of-care allegations. Source link

FOR OVER A QUARTER OF A CENTURY: A LEGACY OF TRUST AND INNOVATION Celebrating 25 Years of serving Upstate New York, CH Insurance is poised to capitalize on what we see as an exciting year of opportunities in 2024. At CH Insurance, our journey is about more than just providing you insurance; it’s about forging…

At the heart of the proposal is a state-administered insurance pool, funded through a combination of legislative appropriations (capped at $25 million), fees from participating managers, and interest income. Liability coverage would be limited exclusively to prescribed burns conducted by certified individuals, with exclusions for workers’ compensation, automobile liability, and other professional liabilities. Source link

The company offers products in general liability, commercial property, and garage segments, utilizing its proprietary Western World Integrated Platform (WWIP) to facilitate underwriting, rating, quoting, binding, and policy issuance for wholesale brokers and their clients. Source link

“Driven by increased insurer competition and favorable reinsurance pricing, global commercial insurance trends continued to improve for our clients in the first quarter,” said John Donnelly, president of global placement at Marsh. “We expect the overall trend to continue, and for insurer competition to intensify, barring unforeseen changes in conditions.” Source link

Insurers face mounting risks from unregulated substances flooding the market Source link