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Market Update

Commercial Insurance

 

A quarterly look back on the state of the industry.

 

The COVID-19 pandemic continues to test countries, economies, businesses and individuals in many different ways. We hope that everyone impacted by the virus will be able to overcome its challenges and achieve success going forward.

The property and casualty insurance industry hasn’t been immune to the pandemic, either. Uncertainty around COVID-19 legal claims, significant verdicts in other types of litigation, low interest rates, increased reinsurance costs for carriers and tightening underwriting standards will continue to impact coverage terms and conditions this year.

 

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For questions or past issues, please contact your Hylant representative.

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As one of the largest privately held brokers in the U.S., Hylant is dedicated to educating clients about industry issues and trends and how they could impact business insurance premiums and coverage availability. If you have questions about how they could impact your business insurance and would like to speak with someone, contact us.

The above information does not constitute advice.
Always contact your insurance broker or trusted adviser for insurance-related questions.