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Rising inflation creates underinsurance risk

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Insights

There is always something exciting happening at Lockton. Here are just a few from our newsroom.

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Articles
Rising inflation creates underinsurance risk

Rising inflation is impacting prices across all sectors of the economy. As a result, replacement costs may be higher than expected following a claim, leaving some commercial insurance holders underinsured. The conflict in Ukraine is fuelling inflation, which is now expected to remain elevated for lo …

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A pricey salmonella case hits the product recall space

An expensive product recall case is rattling the food and drinks sector and is likely to have consequences for the product recall insurance segment, both as a standalone product and integrated liability/financial loss combined coverage. Health authorities in Europe have issued public health warning …

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Insurance Market Update H1 2022

We are pleased to share our H1 2022 insurance market update. This issue provides insights across 20 business segments and includes a spotlight feature on Greater China and the local insurance market trends. The intention of this biannual update is to reflect on both the benefits and concerns prevail …

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Tackling the cyber threat to care homes

Care homes are adopting technological advancements into their practices and operations and are now more connected to the wider healthcare ecosystem than ever before. While this technological revolution is welcomed, it is also increasing the vulnerability to cyber events. Historical and current med …

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Managing the lightning risk of wind turbines

Wind turbines have become more efficient through innovation in design and technology, but an increase in the size of blades has attracted attention from insurers because of high claims costs due to lightning strikes. While wind turbines have been used as a source of energy for centuries, they have  …

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Cargo market attracts fresh insurance capacity

The London cargo market remains buoyant as 2022 evolves, and it can confidently offer upwards of USD1bn of capacity following significant investment in the segment over the past 18 months. The more recent entrants to the cargo market include Arch, HCC, HDI, IQUW, Navium, Ocean Underwriting, Rokstone …

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