Key Trends Shaping the Commercial Property Insurance Market

By Caitlin Diaz | January 30, 2025 |
A low-angle view of tall, modern commercial buildings with glass facades, bathed in bright sunlight. The image represents trends in the commercial property insurance market.

The commercial property insurance market has experienced a dynamic year in 2024, shaped by significant natural disasters, reinsurance market changes, and evolving risk financing options. Here’s a closer look at the critical developments and trends affecting the industry. 1. Natural Disasters: A Growing Concern The increasing frequency and severity of natural disasters have significantly impacted…

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Commercial P&C Prices Up 5.1% in Q3, Umbrella Leading the Pack

By Caitlin Diaz | December 26, 2024 |
An aerial view of commercial buildings with parking spaces in the foreground, showcasing a modern business complex. The image ties into a discussion on commercial P&C price trends.

Commercial property and casualty insurance premiums rose by an average of 5.1% in Q3 2024, with umbrella pricing showing an uptick amid rate moderation in most other lines, according to the Council of Insurance Agents & Brokers (CIAB). Market conditions for Q3 held steady from the previous quarter, CIAB noted in its latest report, with…

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