My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2021 21 RESOLUTION
DOcument-Host
>
Mayfield Village
>
Ordinances Resolutions
>
2021 Resolutions
>
2021 21 RESOLUTION
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/3/2023 1:26:51 PM
Creation date
3/3/2023 11:16:03 AM
Metadata
Fields
Template:
Legislation-Meeting Minutes
Document Type
Resolution
Number
2021 21
Date
6/21/2021
Year
2021
Title
WICHERT
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
16
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
L+ <br />W/ Comp: "Renewals are experiencing flat to modest rate increases as carriers <br />seek to offset exposure -driven premium reductions brought on by pandemic - <br />impacted payrolls and to fund COVID-19 losses from high -severity employers." <br />The following table summarizes the expected pricing range for select lines compared to <br />Willis' previous edition. Note, shaded cells depict areas where price predictions either <br />accelerated or decelerated. <br />Exhibit 20 <br />Willis Towers Key Price Predictions - 2021 Spring Update (April Issue) <br />Seements 2021 (November 2020) 2021 Sprine Update (April 2021) <br />Casualty <br />General Liability <br />+7.5% to +15.0% <br />+7.5% to +15.0% <br />Workers' Compensation <br />Flat to +4.0% <br />Flat to +4.0% <br />Auto Liability <br />+8.0% to +15.0% <br />+8.0% to +15.0% <br />Umbrella (High Hazard) <br />+50.0%> <br />+50.0%> <br />Umbrella (Low/Moderate Hazard) <br />+30.0%> <br />+30.0%> <br />Excess (High Hazard) <br />+150.0%> <br />+100.0%> <br />Excess (Low/Moderate Hazard) <br />+75.0%> <br />+50.0%> <br />International <br />+10% <br />+7% to +10% <br />Property <br />Non -challenged Occupancies <br />+15.0% to +25.0% <br />+5.0% to +15.0% <br />Challenged Occupancies <br />+30.0%> <br />+20.0%> <br />Executive Risks <br />DE10 - Public Co (Primary) <br />+20.0% to +50.0%> <br />+10.0% to +40.0%> <br />DaO - Private / Not -For -Profit <br />+10% to +50.0% <br />+5% to +45.0% <br />DEtO - Financial Institutions <br />+15.0% to +50.0% <br />+15.0% to +50.0% <br />Errors Et Omissions <br />+10.0% to +20.0% <br />+10.0% to +25.0% <br />Employment Practices Liability <br />+10.0% to +30.0% <br />+20.0% to +40.0% <br />Fiduciary <br />+5.0% to +70.0% <br />+5.0% to +70.0% <br />Other Lines of Interest <br />Cyber <br />+10.0 to +30.0% <br />+25.0 to +50.0% <br />Fidelity Et Crime <br />+5.0 to +15.0% <br />+5.0 to +15.0% <br />General Aviation <br />+25.0%> <br />+20.0% to +40.0% <br />Airlines <br />+25.0% to +40.0% <br />+25.0% to +40.0% <br />Energy Downstream <br />+30.0%> <br />+12.5% to +30.0% <br />Energy Upstream <br />+5.0%> <br />+5.0% to +7.5% <br />Kidnap Et Ransom <br />-5.0% to +5.0% <br />-5.0% to +5.0% <br />Marine Hull Et Liability <br />New Classification <br />+5.0% to +30.0% <br />Personal Lines <br />+5.0% to +9.0% <br />+5.0% to +9.0% <br />Political Risk <br />Flat to +20.0% <br />Flat to +20.0% <br />Surety <br />Flat to +20.0% <br />Flat to +10.0% <br />Terrorism <br />Flat to +5.0% <br />Flat to +10.0% <br />Trade Credit <br />+10.0% to +40.0% <br />Flat to +40.0% <br />Life Sciences <br />Flat to +10.0% <br />Flat to +10.0% <br />Alternative Risk Transfers <br />Flat to +20.0% <br />Flat to +20.0% <br />Source: WLTW inwronce Marketplace Realities <br />Deceleration vs. last update <br />Acceleration vs. last update <br />The Hates Report Contact: Feed back@TheHalesReport.corn Page 18 <br />
The URL can be used to link to this page
Your browser does not support the video tag.