E&S/Specialty

The parametric coverage provides daily payouts without requiring policyholders to file traditional claims.

As the $128 billion MGA market grows, these specialty players are taking on traditional carrier functions and reshaping the insurance landscape.

Medical malpractice claims are getting costlier, jury verdicts are getting bigger, and insurers are feeling the squeeze.

Narrowing coverage and tightening capacity will favor agents and brokers who prepare clients early.

Beyond the flames: Toxic contamination, costly cleanup and third-party lawsuits can expose businesses in ways that property insurance alone may not cover.

Average bodily injury (BI) claim payments increased 7.8% annually between 2017 and 2022, the IRC reports.