--- title: While a stormy 2017 was expensive for insurers, it could have been worse description: While a stormy 2017 was expensive for insurers, it could have been worse --- [Skip to content](https://blog.plexusgroupe.com/plexus-blog/news/stormy-2017-expensive-insurers-worse#main-content) [![The Plexus Groupe](https://blog.plexusgroupe.com/hs-fs/hubfs/Logo%20and%20Design%20Files/plexus_sis_logo_color.png?width=1468&height=368&name=plexus_sis_logo_color.png "The Plexus Groupe")](https://www.plexusgroupe.com/) # While a stormy 2017 was expensive for insurers, it could have been worse 5 February 2018 [Mike Wilkening](https://blog.plexusgroupe.com/author/mike-wilkening) [Personal Lines](https://blog.plexusgroupe.com/tag/personal-lines), [Cyber Liability](https://blog.plexusgroupe.com/tag/cyber-liability), [Employee Benefits](https://blog.plexusgroupe.com/tag/employee-benefits), [Property & Casualty](https://blog.plexusgroupe.com/tag/property-amp-casualty), [Strategic Insurance](https://blog.plexusgroupe.com/tag/strategic-insurance), [News](https://blog.plexusgroupe.com/tag/news), [Insurance](https://blog.plexusgroupe.com/tag/insurance) ![](https://blog.plexusgroupe.com/hubfs/Imported_Blog_Media/Untitled-design-30.jpg) In our latest look at Property & Casualty news and notes, we dive into the subject of 2018 commerical insurance pricing for insurers after a disaster-laden 2017. ### Market watch: Though plenty of roofs caved in last year, the sky isn't falling in 2018 Global weather and storm losses reached [$330 billion in 2017](https://www.munichre.com/site/corporate/get/params_E75174463_Dattachment/1627349/MunichRe-NatCat-2017-PR-2018-01-04.pdf), with insured losses at $135 billion, according to reinsurer MunichRe. However, these losses do not necessarily mean that insurance rates will significantly rise, with numerous published reports suggesting that insurers built up [excess capacity](https://www.wsj.com/articles/disasters-dont-whip-up-insurance-pricing-power-1515076478) before a tumultuous 2017 -- and that losses were within [acceptable limits](https://www.insurancejournal.com/news/national/2018/01/08/476512.htm). Nevertheless, property, conmercial auto, business owners, and general liability rates [were up slightly](https://www.insurancejournal.com/news/national/2018/01/11/476941.htm) in the fourth quarter of last year, per the IVANS index, which tracks rate renewals from more than 380 insurers. ### **Report: Securities lawsuit filings jumped 53% in 2017** Directors and officers of publicly traded companies found themselves at the center of more lawsuits than usual in 2017. Per Business Insurance magazine, securities lawsuits increased from [271 in 2016 to 415 in 2017](http://www.businessinsurance.com/article/20180109/NEWS06/912318373/Directors-officers-insurance-market-withstanding-litigation-spike), according to data from Kevin LaCroix, executive vice president at RT ProExec, a division of insurance wholesaler RT Specialty. That's a 53 percent increase over the previous year. Whether your firm is publicly traded or not, having the right directors and officers is key. We can help. For more information, contact Plexus Vice President of Executive Liability Willie Lindsey at [wlindsey@plexusgroupe.com](mailto:wlindsey@plexusgroupe.com) or 847-307-6100. ### **Getting to know Plexus's Cyber Indication Form** Ever thought about getting cyber insurance for your business but didn't know where to start? Check out our quick and easy [Cyber Liability Indication Form](http://www.plexusgroupe.com/s/property-casualty/cyber-liability-indication-request/img). Fill it out, and one of our client service team representatives can give you a sense of the coverage you need -- and what it could cost. ### Related Post ##### [Flood insurance: Why it's time to get covered.](https://blog.plexusgroupe.com/plexus-blog/news/flood-insurance-time-get-covered) Floods happen, and they can be exceptionally costly events. That’s why individuals and business... ##### [Fraud awareness: Some tips for keeping scammers at bay](https://blog.plexusgroupe.com/plexus-blog/news/fraud-awareness-tips-keeping-scammers-bay) For businesses and individuals alike, vigilance against fraud is an absolute must. It is the first... ##### [When disaster strikes a key supplier, will you have the right coverage?](https://blog.plexusgroupe.com/plexus-blog/news/when-your-supply-chain-gets-knocked-offline-a-contingent-business-interruption-endorsement-could-provide-a-big-lift) The property & casualty insurance world is ever-changing, and businesses face a vast array of... 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