Challenging is the best way to describe the current state of the property and casualty (P&C) market in the U.S.
The property market is working to recover from two consecutive years of significant losses by increasing rates and tightening terms. Other than workers’ compensation, the casualty marketplace is also working to return to profitability with the umbrella and excess casualty space seeing the most abrupt market shifts.
However, challenging doesn’t mean unmanageable. In the October 2019 edition of Lockton Market Update (opens a new window), Lockton experts discuss the current landscape for each line of business, what’s driving these conditions, and share ideas about how U.S. and multinational companies can manage through this challenging environment to have the best possible outcomes. In addition to general property and casualty updates, our experts address:
Property trends in construction, energy, marine cargo and stock throughput, and real estate
Specific trends for casualty coverage in construction, healthcare and transportation
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