Alera Group Insights

Perspectives from our thought leaders and experts across the country.

AREAS OF EXPERTISE

Property and Casualty

Litigation Necessitating a Layered Approach to Professional Liability Insurance

Professionals face heightened exposure due to increased litigation, much of it fueled by third-party financing and resulting in so-called nuclear verdicts. The increase in both frequency and severity of losses underscores the importance of securing comprehensive Professional Liability Insurance with sufficient limits, a solution that may require one or more excess layers on top of the underlying coverage.

May 21, 2024

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Property and Casualty

Perfect Storm Hitting Personal Lines of Insurance

A convergence of disruptive forces is hitting the market for personal lines of insurance in 2024, making it extremely challenging for insurers to provide coverage personal property and casualty (P&C) coverage, particularly Home and Auto Insurance.

May 14, 2024

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Property and Casualty

Affordable Housing Providers Hardest-Hit in Insurance Market for Nonprofits

Adding to significant challenges including labor shortages and reduced funding, nonprofit organizations are experiencing increasing difficulty in securing adequate property and casualty insurance. Premiums are increasing, deductibles are escalating, and the number of carriers willing to engage with nonprofits continues to shrink. These challenges underscore the importance of partnering with an experienced insurance broker who specializes in serving nonprofit organizations.

May 7, 2024

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Property and Casualty

Navigating the Medical Malpractice Insurance Cycle

The rising trend of high-profile medical malpractice cases with significant monetary awards underscores the need for physicians and others in the medical industry to protect themselves with Medical Malpractice Liability Insurance.

April 23, 2024

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Property and Casualty

Slower bookings, insurance challenges make for a tough year in hospitality

A combination of slowed bookings and a volatile insurance market is likely to make this a challenging year for the hospitality industry. After a two-year surge following the COVID-19 lockdowns — industry insiders refer to it as “revenge travel” — the sector anticipates more modest growth in demand throughout the remainder of 2024.

April 2, 2024

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Property and Casualty

Environmental Liability Insurance: Stable market for a growing need

Despite stricter regulations and increased penalties for environmental contamination, market conditions remain stable for Environmental Liability Insurance —  an outlier in a mostly hard market for property and casualty coverage. As Alera Group’s "2024 Property and Casualty Market Outlook" reports, now is an excellent time to secure this valuable coverage, especially if your organization owns property that is or may be contaminated. 

March 20, 2024

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Property and Casualty

Challenges Persist Amid Increasing Market Stability for Education Insurance

Despite facing continued challenges in property and liability coverages, educational institutions and school districts can expect a relatively stable insurance market throughout 2024.

March 12, 2024

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Property and Casualty

A Window of Opportunity to Fortify Your D&O Policy

Recent lawsuits focused on corporate directors, most notably Spence v. American Airlines Inc. et al. and Simeone v. Walt Disney Company, underscore the importance of Directors and Officers (D&O) Liability Insurance for anyone who serves on a board. Now is the perfect opportunity to bolster your D&O Liability Insurance, with both public and private entities enjoying favorable rates, capacity and availability.

March 7, 2024

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Property and Casualty

Food Processing and Distribution: Steady Insurance Market in an Unsteady World

Despite the byzantine process that controls how food gets to your plate (or refrigerator or restaurant table), it may come as a surprise that the market for property and casualty (P&C) insurance covering the food processing and distribution industry is relatively stable today, considering where the market was just 12 to 24 months ago.

February 21, 2024

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