Signs of a hard market abound, with insurers logging increasing losses and policyholders seeing higher rates.
1. Commercial auto underwriting losses continue: A.M. Best
2. Rare COVID BI win for policyholder rescinded in federal court
3. AIG chief sees need to reassess cat risks amid climate change
4. AIG sees financial lines improvement after overhauling book
5. Property, liability reinsurance rates still headed upward
6. Hard market complicates construction coverage extensions
7. Renewal rates for all lines but comp rise in October: Ivans
8. Marsh McLennan Agency buys North Carolina broker
9. Fierce backlash ensures fight against Biden vaccine mandate
10. Ransomware hiking cyber loss frequency, severity: Aon
Executive moves and changes have been much in the news this week. Also of note: Travelers Cos. Inc. and Marsh & McLennan Cos. Inc. posted strong third-quarter results.