Cincinnati Insurance

Dec 2, 2024 | leadersedge.com | Cincinnati Insurance |Zach West |Kerri Hamm

As (re)insurance professionals, we focus on providing solutions to the challenges facing our clients. To do this, we must dig into risk concerns across the entire insurance value chain—from consumers to carriers. By understanding the risks that span multiple market segments, we can foster meaningful dialogue and develop innovative solutions that benefit society as a whole.

Dec 2, 2024 | leadersedge.com | Russ Banham |Cincinnati Insurance |Zach West

“Although it has seemed for many decades that no amount of hurricane-fueled devastation would deter people from Florida’s sunshine and tax-free income, the recent storms over the past several years have some people realizing the ‘Florida dream’ is not all it’s cracked up to be,” Hartwig says. Few people can explain the insurance market implications of a climate disaster better than Hartwig.

Dec 2, 2024 | leadersedge.com | Cincinnati Insurance |Chris Schneidmiller

“Brokers have been having this conversation for decades already but addressing business income interruption based on physical loss of the insured’s facility,” says Joshua Parrish, president, RT Specialty—La Jolla. “This is just a different peril than fire, but the conversation should be largely the same.” A cyber strike or an unintentional system failure at one company can have drastic consequences for the businesses it serves. This has been illustrated repeatedly in the last few years.

Dec 2, 2024 | leadersedge.com | Chris Schneidmiller |Cincinnati Insurance

fast focus Completion guarantee insurance is a key funding element for independent films that often rely on multiple third-party financiers. This is a big business: the 10 top-grossing independent films of 2023 earned a record-high $1.6 billion in revenue. Underwriting a completion bond requires a long and extensive process that doesn’t end once the bond is issued, as the underwriting company scrutinizes all areas of production once filming begins to ensure it remains on schedule and on budget.

Nov 19, 2024 | leadersedge.com | Zach West |Cincinnati Insurance |Sandy Laycox

By Zach West Posted on November 19, 2024 The average premium increase across all account sizes was 5.1% in Q3 2024, down very slightly from 5.2% in Q2. Premiums across all lines of business also saw a similarly small change at an average of 5.7% in Q3, compared to 5.6% in Q2. Across the board, all lines of business recorded lower average premium increases than in Q2—with one exception.