White Paper / Risk Management
P&C Market Update: Storms and Earthquakes May Disrupt Insurance Markets

Market Shift Ahead?

Recent catastrophic storms, earthquakes and fires have wreaked havoc on communities across the US, Mexico and the Caribbean.  What effect this will have on the global insurance market is just starting to emerge.

Lockton’s October 2017 P&C Market Update shows that the buyer’s market that has long been in place may be at a tipping point.  With the exception of commercial auto, rates have continued to decline across all other P&C coverages.  However, hurricane, earthquakes and wildfire losses have the potential to drive price increases.  We’ll maintain a close watch on the unpredictable market response.

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