Article: Do Marketplace Shifts Have you Scrambling for Excess Placement?
The insurance industry is going through some big shifts, especially when it comes to excess and umbrella coverage. Many carriers are pulling back on the limits they’re offering, which means businesses may need to work with multiple markets to get the coverage they require. This change is driven by factors like rising claims costs and evolving risk assessments. Because of this, securing higher limits now takes a little more planning and communication. This article dives deeper into this topic.