Property Insurers Face Escalating Risks: Inflation, Litigation & Climate Change
About this talk
As we enter cat season, property insurers are facing an explosion on both severity and frequency of claims, now more than ever compounded by economic and social inflation. Please join us for this free webinar, offered in partnership with Markel, at 10 a.m. on June 8 as we will explore threats including:
--Secondary perils outpacing traditional hurricane and earthquake risks;
--The shift as once short-tail claims now linger open longer due to increased litigation and supply chain volatility;
--The heavy weight of inflation, both economic and social, and the rise of moral hazards from insureds now struggling to keep up with routine maintenance.
Discussion questions include:
--Overview of natural catastrophe losses striking personal and commercial property underwriters for the first half of 2022
--Are areas of the U.S. becoming uninsurable? How should the insurance industry be responding?
--What is the force behind property claims becoming difficult to close quickly? What are insurers doing?
--Earthquakes and hurricanes used to dominate both headlines and natural catastrophe claims. What perils are causing the biggest losses today? How are underwriters adjusting?
--It’s been years since insurers have seen inflation rising as rapidly as it has in the last year. How is this impacting their business?
--Supply chain costs have never been more volatile. How can underwriters respond
--Adriana Belli, Managing Director, Property, Marine, and Personal Lines Claims, Markel
--Guenter Kryszon, Global Executive Underwriting Officer, Property, Markel
--Raghav Maheshwari, Senior Client Partner, Global P&C Business, EXL Service
--Roberto Stewart, Chief Operating Officer, Engle Martin
-Host: Meg Green, Insider Engage Managing Editor