Advisen Webinar: State of the Insurance Market Sponsored by Zurich
Wednesday, December 19, 2012 at 11am EST
The webcast will examine the significant trends and developments that are shaping the professional liability risk landscape for firms of all sizes. Significant factors include the lingering effects of the credit crisis and recession, the economic recovery, advances in technology, increased regulation and heightened regulatory enforcement activity, and the growing sophistication of cyber criminals. Panelists will explain how these large-scale events are impacting claims and how the insurance industry is responding.
Register for this free one-hour webinar at: https://www1.gotomeeting.com/register/226455865
Advisen Topical Report: State of the Commercial Property/Casualty Insurance Market Sponsored by Zurich
As New York, New Jersey and Connecticut continue to recover from the ravages of Superstorm Sandy, catastrophe modeling firms are refining their estimates of insured losses and insurers and reinsurers begin to tally their claims. Insured loss estimates now exceed $20 million, making Sandy one of the largest insured loss events. Nonetheless, the losses probably will not be sufficient to propel sharply higher premiums for a sustained period of time. Although premiums may trend upward in the short term – especially for property business in catastrophe prone regions – the property/casualty insurance market remains abundantly capitalized, which should cushion the financial impact and avoid the type of hard market conditions seen in 2001 and 2002.
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