hard market News

Aon: Mega Claims Driving Hardening of Hospital and Physician Liability Market

At first blush, it appears all is well within the hospital and physician professional liability market: For claims costing less than $2 million, severity is projected to increase 2% and frequency is expected to be flat, according to an analysis …

Commercial Insurance Prices Stay on Upward Trend: Towers Watson

Survey indicates employment practices liability has steepest price increase. Commercial insurance prices increased by 5 percent in aggregate during the third quarter of 2013, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) conducted by global professional services company …

Survey: Industry Leaders Believe the Industry is Now in a Hard Market

Leaders of the property/casualty insurance industry believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey conducted by the Insurance Information Institute (I.I.I.) …