Broker leader weighs in on the state of the market
After months of seeing property and casualty insurers take drastic action to reduce their exposure to high-risk areas, are we reaching the end of the tunnel?
US insurers paid nearly $300 billion in disaster claims from 2021 to 20223, according to data by Aon. The losses have prompted a wave of pullouts from the likes of State Farm, Allstate, AIG, Chubb, and GEICO.
Some carriers stopped writing new ho