Author: admin
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Weathering the Storm 2025
Summary 2024 brought another active year for weather and climate disasters in the United States. There were 27 confirmed disaster events exceeding $1 billion according to NOAA’s National Centers for Environmental Information (NCEI). These disasters caused at least 568 direct or indirect fatalities, which is the eighth highest for billion-dollar disasters over the last 45…
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Large Verdicts and Settlements
Summary The insurance market continues to be challenging, with persistent rate increases and rising claims costs. Third-party litigation funding, anti-corporate bias, and nuclear verdicts are exacerbating claims severity in the industry. Read this detailed summary of key verdicts from 2020-2025. Read the Summary (PDF)
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McGriff Market Update: Q4 2024
Summary The overall Property and Casualty insurance market continued to stabilize throughout 2024, with most rate increases continuing to decelerate year over year. This includes the Commercial Property market, even post Helene/Milton, as insured losses continue to accumulate. The Umbrella market is an outlier, with higher rate and premium increases and reduced capacity for the…
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Strategies to optimize your property program – 2024 Property Market Update
Summary The property insurance market outlook for 2024 has shown signs of improvement with decelerated rate increases as compared to the last several years. This comes as positive news amid insureds’ fatigue of significant rate increases over multiple years, particularly in 2023, as insureds saw large jumps in their property insurance costs. Rate increases in…
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Weathering the Storm 2024
Summary According to the National Oceanic and Atmospheric Administration (NOAA), the 2023 Atlantic hurricane season ranks fourth for most named storms since 1950. There were 20 named storms, seven hurricanes, and three major hurricanes.¹ In addition, 2023 broke multiple weather and climate records, including the warmest July on record, highest monthly sea temperature, and first…
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McGriff Market Update: Spring 2024
Summary The Property insurance market began stabilizing in 2024 due to significant rate increases over the past several years, with reinsurers cautiously expanding their capacity and appetites. The Commercial Auto market continues to be challenging for most accounts with a heavy fleet exposure. Read the Market Update (PDF)
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2024 National Benefit Trends Survey Results
Get strategies from some of the top employers on how they’re navigating rising healthcare costs, access to quality care, and trending high-cost drugs. This year’s survey reveals how employers are investing in professional development opportunities for their workforce, and enhancing benefit offerings and workplace flexibility to meet employees where they are. Check out the results…
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2025 National Benefit Trends Survey Results
McGriff’s fifth annual National Benefit Trends Survey is a compilation of insights from organizations regarding their human resources (HR) initiatives, employee benefits, and strategies for managing workforce challenges. The survey results are organized into various sections, each addressing different aspects of employee benefits and organizational strategies. We continue to focus this year on top-of-mind strategies…
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2023 Retirement Benefits Survey Results
Explore industry trends with our latest report in McGriff’s survey series – the 2023 retirement benefits survey! This valuable resource can help teams make informed decisions about their retirement offerings. Complete the form to download the report now and gain insights into the topic and enhance your strategies.
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2023 Paid Leave and Compensation Survey Results
What are employer strategies for parental leave, paid time off, and compensation management – and what are the emerging trends? Find out in the 2023 Paid Leave and Compensation Survey, the latest report in the McGriff survey series! This valuable resource is designed to help HR teams make informed decisions about their company policies. Download…