Welcome to this week's recap. The news and top producer insights you need, without the snoozefest. Today: 5 briefs, 2 pods, 1 poll… let’s roll!

According to RPS’s 2026 U.S. Healthcare Market Outlook the healthcare liability market has seen better days. It finds that hospital programs that once closed in days now take weeks … the era of a single carrier providing $20M in coverage is over... the new max is $5M. On the physician side, a structural shift to shared-limit programs means all doctors in a group now draw from a single aggregate ... creating dangerous new gaps and skyrocketing demand for physician excess liability. It gets worse for social services: nonprofit foster care agencies and behavioral health providers are being pushed into E&S markets for the first time … some questioning whether they can stay in business at all.

The big takeaway from RPS outlook: "Carriers are underwriting the broker, not just the risk." If you're playing in the healthcare space without deep market knowledge and relationships, you’re in trouble.

Zurich just dropped a report every construction producer should know about. Beyond 2030: The Future of Construction warns that climate risk, labor shortages, and nuclear verdicts are converging fast ... and lenders are done absorbing the tab. In some project structures, a 10-15% cost overrun wipes out the entire equity cushion. Aon's 2026 construction report piles on, flagging credit deterioration in the mid-market with surety loss ratios climbing through year-end.

Here's Zurich's money line: “insurance is now an early-warning signal that capital markets watch”. Tightening terms and rising exclusions on your clients' policies aren't just renewal headaches ... they're red flags lenders are starting to notice too.

A massive hacking campaign … dubbed "FortiBleed" … has compromised roughly 75,000 Fortinet firewall and VPN devices. Never heard of Fortinet? They make the network security hardware sitting in the IT closet of most of your mid-market clients ... if your client has 50+ employees, there's a good chance they're running one. The culprit? Good old-fashioned credential stuffing and brute-force password attacks.

Here's the kicker: cyber insurer Coalition previously found that businesses running exposed Fortinet devices are twice as likely to file a cyber claim. Your phone might be ringing soon.

Tropical Storm Arthur … the 2026 season's first named storm … made landfall near Freeport, Texas on Thursday with sustained winds of just 45 mph before quickly weakening. But don't let the mild winds fool you. Governor Abbott declared a state of emergency for dozens of Texas counties, and Brazoria County alone saw over 8 inches of rain with homes surrounded by floodwater.

Just a reminder for every P&C guy: Chubb's 2026 Flood Risk Survey found that a shocking number of commercial property owners mistakenly believe their standard prperty policy covers flood damage?! Might be worth revisiting with any of your “less intelligent” clients.

Illinois passed a law last year requiring Pharmacy Benefit Managers to open their books and stop steering patients toward affiliated pharmacies ... but PBMs aren’t having it. The national PBM trade group filed suit on June 16, arguing the Illinois law is overridden by ERISA. Long story short: A PBM win here means states can't touch how those plans are designed or reported on. A PBM loss here means a messy patchwork of state-by-state rules that make plan administration a compliance nightmare.

One regulatory expert put it plainly: "ERISA preemption is no longer a guaranteed shield." This case is worth watching … whatever the court decides sets the rules for employer drug benefits nationwide.

We’ve partnered with Element 22 to be Max Revenue’s preferred wholesale broker. If you've got accounts that need a creative P&C solution give them a shot. We’ve vetted them. They’re legit. You can send your submissions straight to [email protected] or call Brian at (843) 296-3376 and tell him Max Revenue sent you.

In this episode, Trey and Micah sit down with David Steenstra of Christensen Group, a commercial insurance producer who wrote over $900K in new business in 2.5 years entirely through drop-ins in rural Minnesota.

In this episode Trey and Micah sit down with Sims Tillirson to break down the four-pillar LinkedIn system he uses to land a 20–25% success rate on cold outreach … and why posting content alone will never get you there.

Today's email was written by Trey Shields

Edited by Shooter McGavin | Illustrated by Chubbs Peterson

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