commercial property

CMR Risk & Insurance Services Inc. > Blog >
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...