Ilan Serman News Today

Profitability is improving for insurance companies who offer directors and officers coverage, creating price competition

It's been hard for commercial clients to get cyber coverage for more than three years but the market is softening for security savvy firms

The first sign of an easing of the longstanding hard market for commercial insurance has emerged in the cyber and D&O lines areas

A softening, but segmented, insurance market is allowing commercial lines brokers to leave some aspects of the years-long hard market behind

COVID-19 and the hard market changed commercial lines to create multiple markets offering segmented pricing and better loss-control measures.

While the industry predicted the hard market for insurance would ease in 2023, the threat of a recession and other problems make it unlikely

Inflation and the threat of recession are key worries for commercial insurance clients looking for ways to save money and pay lower premiums

When the economy gets soft, insurance clients may try to save money by trimming coverage but it's the brokers job to make sure they don't