Based on more detailed underwriting, 2023 is expected to be a year of mixed markets. In areas with higher exposures, we're seeing capacity reductions coupled with increased pricing. In areas with less exposure, we see increased capacity with moderate price increases.
The market is also being driven by several larger issues including inflation and rising interest rates, regulatory impacts and social inflation. Read the Summer 2023 Construction Market Update for insight into:
- Builders Risk and Property
- Casualty and Excess Liability
- Automobile Liability Insurance
- Professional Liability/Errors & Omissions
- Workers' Compensation
- Cyber Liability
- Surety Market and Subcontractor Default Insurance (SDI)
