Category Archives: Property

Architect and Engineers and the standard of care

True or False? The standard of care of a design professional is perfection. When we ask this question to a room full of architects and engineers they typically chuckle and get this one right. The answer of course is “No” … Continue reading →

The construction insurance marketplace

Expectations for construction risks: Rates, terms and conditions Continue reading →

Matthew

The deadliest hurricane in 11 years has struck around a fortnight ago. After tearing a path through the Caribbean, across Haiti and Eastern Cuba, through the Bahamas and then along the east coast of the U.S., it was finally absorbed … Continue reading →

Winter storms and hurricanes, all of an afternoon

A forecast given by a long-range climate model differs to that of a short-range weather model, as it expresses the likelihood of all possible outcomes rather than just one solution. Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Guide to property insurance for financial institutions

It is easy to be fooled into thinking that property insurance is straightforward. That would be a mistake. Continue reading →

The Buzz at RIMS: The Latest News on Property, Political, Cyber, and Casualty

Willis Towers Watson experts talking to clients and insurers at RIMS offered their quick take on the buzz from the convention floor. Continue reading →

Marketplace Realities Spring 2016: It’s Still a Buyer’s Market, but…

Willis Tower’s Watson’s Marketplace Realities series includes line-by-line predictions for North American insurance buyers in 2016 and beyond. New Pieces in a Changing Puzzle At the macro level, the satellite view, much remains the same for insurance buyers: capacity remains … Continue reading →

US Property Insurance Rates Keep Falling

When the rate reductions of -12.5% to -17.5% we predicted for Q2 came true for many, we saw a lot of smiles on the faces of insurance buyers. The reductions, and the smiles, continue. In fact we are now seeing … Continue reading →

Construction Industry: Property/Casualty Market Review

Despite a decrease in 2014, net profit for the US property/casualty insurance industry has been on the rise since 2012. As better illustrated, net profits in the US property/casualty insurance  industry decreased 28.2% to $50.2 billion in 2014 compared to … Continue reading →