The public entity casualty market is grappling with challenges stemming from evolving legal, technological, and actuarial factors, which impact liability exposures and market stability. Understanding these shifts is crucial for effective risk management and informed decision-making in this complex landscape.

In 2024, the property public entity market has seen significant relief, yet large catastrophic events and the demand for new entrants in the high excess space have led to an uneven playing field. Staying informed about data collection capabilities and emerging trends among new entrants is essential for making strategic decisions in this evolving landscape.

As we head into 2024 there is cautious optimism. The market is sitting on a razor’s edge coming off a relatively clean loss year and smoother treaty renewal, but key areas of differentiation for public entities remain in 2024. Our Public Entity specialists share more about what that entails and what to expect this renewal season in this report.

Onsite appraisals completed by a vetted, independent third party can help ensure appropriate coverage and potentially limit renewal increases. This is especially critical for public entities with unique exposures like historical buildings.

As plaintiff’s attorneys seek ways to challenge the application of public entity immunity, purchasing liability insurance has become increasingly challenging for public entities in states that traditionally had significant limitations on the dollar amounts that can be awarded to a plaintiff.

In this State of the Market, our experts dive into factors affecting market conditions and share intelligence spanning rate, capacity and coverage trends across numerous lines of business and industries – both domestically and in London.

Since our last State of the Market report, many industries and lines of business have seen changes to pricing, capacity and terms. While we don’t yet have a wrap on 2021, we believe such a quickly evolving marketplace merits a brief pricing update to our forecast.

The growing prevalence of ransomware has changed the landscape of the cyber insurance marketplace dramatically. This article explores the state of the cyber insurance market and how public entities can access the limited coverage available by improving their cyber security and adding safeguards.