Catastrophe exposed commercial property insurance renewals are expected to see some of the biggest rate gains in 2024, as pressure continues and a challenged reinsurance market drives buyers towards alternative solutions, to offset rising rates.
Tag: cat-exposed properties
P&C Rates Up through Q4 with Increases Moderating
MarketScout data shows commercial property and casualty (P&C) insurance rates rose through the fourth quarter of 2021, with the composite rate standing at 5.8 percent versus 6.8 percent in Q3. According to MarketScout, the most significant rate increases in the fourth quarter were for umbrella, property, and directors and officers liability. However, with the exception… Continue reading P&C Rates Up through Q4 with Increases Moderating