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Commercial Property Rate Stabilization Highlights Latest WTW CLIPS

Insurance Journal

Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines Insurance Pricing … during the second quarter.

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CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2

Insurance Journal

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

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Ivans Index Shows Most Commercial Lines Renewal Rates Up in November

Insurance Journal

Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index.

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TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase

Insurance Journal

The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept. 23 in Galveston …

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What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes

Insurance Journal

All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced …

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UK Insurers Pull Back From Offering Cover as Flood Threats Rise

Insurance Journal

Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives say. London was among British cities hit by flash floods last week …

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CIAB: All Commercial Lines See Lower Q3 Premium Increases Except Umbrella

Insurance Journal

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose … Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.

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