Q4 2020 P/C Survey Results, Steptoe trackers and more

The Results Are In: Commercial P/C Market Survey Q4 2020

The market continued to harden into Q4 2020, according to results from The Council’s quarterly Commercial Property/Casualty Market Index. Respondents reported increases for all account sizes and all commercial lines, including workers compensation. The average increase in premium pricing for all-sized accounts again broke double-digits in Q4 2020, at 10.7%. In addition, respondents indicated that COVID-19 impacted pricing, availability of coverage, renewals and underwriting trends.

Click here for the Q4 2020 P/C Market Report.

Click here for the Q4 2020 COVID-19 Supplement.​​

Calling All Emerging Leaders! Register for Broker Smackdown 2021

Broker Smackdown is a four-day virtual program designed to give emerging leaders an in-depth understanding of how the insurance brokerage business works, how it makes money, and how strategies and decisions impact financial, operational and sales results. Participants gain a deeper understanding of their role in the big picture of brokerage business and develop an appreciation for the decisions senior leaders make. Equipped with enhanced business acumen, they are in a position to have an even greater impact on your firm’s bottom line.

Choose the date that works best for your team:

• May 4-7
  8:00 a.m. ET start time
• July 13-16
  11:00 a.m. ET start time
• August 10-13
  11:00 a.m. ET start time

Still Time to Register for Q1 2021 Working Groups

Registration for The Council’s Claims & Risk Management and Human Resources working groups remains open. Our Q1 virtual working groups programs have proven to be a great way to meet with fellow Council members while gaining insights from industry leaders. These are our last two working group meetings of the first quarter. Be sure to join!

• Claims & Risk Management
  This week! February 24, 2-3:00 p.m. ET
• Human Resources
  March 10, 1-2:00 p.m. ET

COVID Trackers Updated

Steptoe & Johnson continues to track and regularly update federal and state activity relating to COVID-19 such as premium forbearance, out of network and balance billing issues, cost sharing under health insurance policies, telehealth requirements, regulatory compliance issues including licensing, and other issues:

• State Safe Harbor/Civil Immunity Legislative Tracker
• COVID-19 Health Insurance Federal Legislation Tracker
• State Insurance Regulatory COVID-19 Updates 
• State Regulatory Responses to COVID-19 
• State Premium Forbearance & Premium Relief Requirements 
• State Legislative Action on Business Interruption Coverage
• State Legislative Action on Workers Compensation Eligibility

Moving Beyond Talk

The DE&I movement has gained considerable traction over the past year. But there is a sense among some that the insurance industry needs to go beyond roundtable discussions, guidance and sensitivity training to develop solutions that actually bridge the gaps in experience and trust that still exist between the races.

Read more.

Read the Jan/Feb issue of Leader’s Edge.

Building the Resilient Organization: 2021 Deloitte Global Resilience Report
Deloitte

Joel Kopperud, Vice President, Government Affairs
Senate Democrats Unveil Health Care Proposal with Public Option
The Hill

Sandy Laycox, Editor in Chief, Leader’s Edge
Texas Blackouts Point to Coast-to-Coast Crises Waiting to Happen
The New York Times