Consumers have weathered the effects of a dynamic market for personal insurance over the last couple of years, with climate change impacts, rising inflation and interest rates, and the increased risk of litigation all influencing coverage availability and rates. Certain coverage types have been especially challenging to obtain at a reasonable price. Yet, high-net-worth individuals and families recognize the need to protect their assets, particularly amidst concerns about cybercrime and liability risks, as the Chubb 2024 Wealth Report points out. Fortunately, the tide is beginning to shift for some coverages, which could provide much-needed relief for those seeking personal insurance in 2025.
This white paper reviews: