Commercial property marks the only line that did not moderate in Q4: CIAB
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Commercial property marks the only line that did not moderate in Q4: CIAB

Farhin Lilywala
February 22, 2023
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Premiums in commercial property increased 16% in Q4 2022, marking the first time in seven quarters that a line other than cyber had the highest average increase in premiums, the Council of Insurance Agents & Brokers (CIAB) reported.

Respondents to a market survey conducted by CIAB attributed this increase to inflation’s effect on property valuations and the cost of goods, as well as to natural catastrophe losses from hurricanes Ian and Nicole and severe convective storms in...

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Farhin Lilywala
Section Editor, Distribution & Specialty
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