Commercial property pricing up 17.1% in Q3, D&O down for first time since 2017: CIAB
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Commercial property pricing up 17.1% in Q3, D&O down for first time since 2017: CIAB

Hal Stucker
November 29, 2023
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Commercial property premiums continued to climb in Q3, averaging 17.1%, the highest increase in premiums among all lines for the fourth consecutive quarter, according to a report from the Council of Insurance Agents & Brokers (CIAB).

Issues over reinsurance pricing and capacity continued to plague the line, according to those polled. Respondents also pointed to relentless natural catastrophe losses, a result of atypical weather patterns from climate change, as another driver for premium increases.

Overall,

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Topics

News Rates Property Commercial lines Commercial E&S D&O (Directors and Officers)
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Hal Stucker
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