Library Tag: Commercial Property Insurance

Q3 commercial property/casualty report: High premiums remain top concern as pricing continues to increase

High premiums remain a top concern for commercial insurance clients nationwide as pricing continues to increase.

Premium increases for commercial lines continue, with property leading

Premiums for commercial property and casualty insurance jumped an average of 8.9% in Q2 2023 – marking 23 consecutive quarters of increases.

2023 Commercial Property Insurance Midyear Market Outlook

Looking ahead, policyholders who conduct high-risk operations, have poor loss control practices or are located in natural disaster-prone areas will likely remain increasingly vulnerable to persistent rate hikes and coverage limitations.

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