Let’s Play ‘Can They Do That?’

​For those who may have missed it, the property casualty insurance markets are in a very hard market cycle. During a hard market, insurance carriers hike premiums, cancel and non-renew policies, and do whatever they can to limit their exposures to loss. Sometimes their actions seem questionable.Today we launch a new recurring feature called "Can They Do That?" From time to time, we'll summarize some of the questions the Big I New York Research Department has received about carrier actions. As you read the questions below, keep one thing in mind: These are the ones we've received in the last eight working days.Can a carrier decline…

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RT Binding 2024 Binding Authority Submission Excellence

​The continuation of the hard market is evident as both standard and E&S carriers face underwriting challenges contributing to a narrowing of business appetites and thus increasing shopping for retail agents and brokers. Effective submissions get you noticed and help achieve results that improve the insurance solutions you provide. RT Binding wants to help you help your clients with the below advice on what makes an excellent submission!General Submission Information Tell the story (below is a guide for information that may be helpful to provide during the submission process. More complex risks will likely require more information than straightforward risks.) Confirm admitted markets are not in playWhat is…

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