Trump or Harris for Commercial Lines? Two Carriers Make Fastest-Growing List
- Have you heard an election is coming? We tried to dial down the rhetoric and look at what each presidential candidate's economic policies might mean for the commercial lines industry.
- Two niche commercial lines carriers earned placements in Fortune's annual 100 Fastest-Growing Companies list amid strong growth in the excess and surplus lines that they specialize in. Subscribers to P&C Specialist Commercial will already know the names, as we identified both as being among the four best underwriters in the industry back in May.
- Liberty Mutual said earlier this week it was expecting a "potential" capital markets transaction – and today came this. The raising of fresh investor money comes after underwriting losses of $4 billion over 2022 and 2023, and projected losses on the two recent hurricanes of almost $1 billion. The firm says the capital markets transaction is not related to the September and October cat losses.
- Zurich North America is the most recent commentator to raise concern about the safety and insurability of risks related to electric vehicles."When you combine lithium-ion batteries and plastic, fires have the potential to cause greater damage, jumping to other vehicles very rapidly," Zurich write.
- An underwriter shortage is creating operational headaches for commercial insurers. We took a look at salaries for this role and found that out of the 40 largest commercial insurers in the U.S., nine carriers are paying an average annual salary for an underwriter of at least $100,000. The table below has the details.
Table of the week
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