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Inflation was down from the 3% recorded for the 12 months ending in September. -
Louisiana Insurance Commissioner Tim Temple outlined key priorities for 2026 in an interview with Insurance Insider US.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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Texas was up over 25%, though California and Florida both recorded reductions.
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Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The carrier said it anticipates a better market due to recent reforms.
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Casualty rate increases largely stabilized in Q2 and Q3 at 5%-10% for general liability.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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