Published 7 days ago • Kansas City, United States • Updated 7 days ago

Despite Insurers' Profitable 2024 Results, U.S. Commercial Insurance Market Faces Growing Uncertainty: Lockton Market Update

At the start of 2025, the U.S. Property and casualty insurance market is stable, but uncertainties are growing, according to the Lockton Market Update.
Vince Gaffigan, EVP at Lockton, mentioned that social inflation and other factors, including climate change and trade wars, add to market uncertainty.
Greg Spore of Lockton advised businesses to reevaluate their insurance programs to adapt to new risks such as AI and cybersecurity.
The report emphasizes the need for businesses to protect their operations and balance sheets in light of these challenges.

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Despite Insurers' Profitable 2024 Results, U.S. Commercial Insurance Market Faces Growing Uncertainty: Lockton Market Update

KANSAS CITY, Mo., March 24, 2025 /PRNewswire/ -- At the start of 2025, the U.S. property and casualty insurance market remains largely stable and predictable. However, growing economic uncertainty, social inflation, and other issues are raising questions about the outlook…

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Verisk and APCIA report that investment gains and pricing in 2024 offset some impacts driven by severe catastrophic events. Verisk (NASDAQ: VRSK), the global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, reported full-year 2024 net income for the …

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