Waiting periods and covered-event triggers could limit recovery, while outsourced hosting arrangements open a route to professional liability and subrogation claims.
Overall commercial insurance rates fell 6% for the region, according to Marsh, marking the region’s 11th consecutive quarter of decline amid ample capacity and strong insurer competition.
Marsh data shows that property and financial lines rate declines eased, but casualty and cyber pricing continued to soften as capacity remained abundant.
