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News
Large commercial accounts see first price drop since 2017, WTW finds
3+ day, 21+ hour ago (355+ words) Large commercial accounts posted their first price decrease since the end of 2017 in the second quarter of 2026, according to WTW's Commercial Lines Insurance Pricing Survey (CLIPS), as an eight-year run of sustained rate increases continued to unwind across the commercial…...
P&C industry's best half in years hides a casualty problem
5+ day, 22+ hour ago (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...
Rebuild costs outpace inflation, exposing sum insured gaps
1+ week, 6+ day ago (465+ words) The analysis, published as part of the ICA's annual Insurance Catastrophe Resilience Report, draws on Cotality's Cordell Construction Cost Index (CCCI). It shows building costs rose around 30% in the five years to March 2026, against consumer price index growth of about 24% over…...
Santam keeps underwriting on target despite R1.5bn claims
1+ week, 6+ day ago (466+ words) Santam kept the underwriting margin in its conventional insurance business above the midpoint of its 5% to 10% target range in the first half of 2026, despite weather-related catastrophe losses and other large claims increasing from R144 million to R1.5 billion. Significant losses were incurred…...