Earlier this month, American Global released their Market Outlook 2023. This annual report serves as an informative guide for clients and prospects, helping them gain insight and a better understanding of the current state-of-the markets for surety and insurance, and offers an informative look into some of the developing trends in the construction industry.
The report considers the effect of key market disruptors, ranging from concerns over inflation and price escalation, to continued supply chain and labor challenges, as well as the growing strength, frequency and cost of climate-related catastrophes. Also included are market status updates and renewal expectations for numerous lines of insurance ranging from General, Auto and Excess Liability to Professional & Pollution, Property/Builders Risk and much more.
Report highlights include insightful commentary about contractual risk allocation and delivery model trends, as well as informative reports on wrap-ups, Subcontractors Default Insurance (SDI) and a comprehensive outlook on the surety market.
The report is now available to the public and can be viewed/downloaded here: Market Outlook 2023 | American Global
American Global is one of the largest privately held insurance and surety brokerage firms in the U.S. specializing in all aspects of construction risk management. We support contractors, owners, and developers throughout the entire scope of their project and across every milestone of their business, protecting against the risks and exposures specific to the construction industry. American Global has multiple offices across the United States, as well as England and Italy, to serve clients throughout the US, Latin America, the United Kingdom, and Europe.