Article: Volatility and Evolution in the Personal Umbrella Market
The personal umbrella insurance market is undergoing a dramatic transformation marked by heightened volatility, tightening underwriting standards, and a surge in consumer demand. Traditionally viewed as a stable and relatively low-risk segment, the market is now facing a combination of economic, environmental, and legal challenges that are reshaping the landscape for insurers and policyholders alike. This article discusses these changes in detail.