commercial property

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February 24, 2023

Commercial P&C Prices Rose 8% in the Fourth Quarter of 2022

Commercial property and casualty prices continued to rise in the fourth quarter of 2022 with an average increase of 8% across all accounts sizes, down slightly from 8.1% in the third quarter, according to the latest survey data from the Council of Insurance Agents & Brokers (CIAB). Large businesses saw higher price increases on average...

July 13, 2022

2022 Midyear Market Outlook: Commercial Property Insurance

The commercial property insurance market has hardened in recent years, with consistent rate increases since the third quarter of 2017. These rate increases were evident in the beginning of 2022, with first-quarter rates rising by an average of 7.6%, according to industry data. Similar pricing trends occurred in the reinsurance markets during the same period...