Commercial insurance rates remain firm in April across most major lines
Updated
Updated · Insurance Business · May 8
Commercial insurance rates remain firm in April across most major lines
8 articles · Updated · Insurance Business · May 8
US renewal pricing ranged from 5.24% for commercial auto to 8.27% for umbrella, while workers' compensation stayed negative at -1.35%, according to Ivans.
General liability eased to 5.70% from 6.64%, BOP slipped to 6.43%, and property was broadly flat at 6.24%, signalling slower upward momentum in several casualty lines.
The market is moving away from its hard-cycle peak, but insurers still cite claims inflation, large jury awards, catastrophe losses and reinsurance costs, limiting broad pricing relief for buyers.
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