D&O Premiums Decrease for First Time Since 2017
The Council’s Commercial P/C Market Index for Q3 is here.
Q3 2023 was the 24th consecutive quarter of premium increases, at 8.1%.
Medium-sized accounts saw the highest increase, at 8.9%, while large and small accounts saw increases of 7.5% and 7.9%, respectively. Commercial property premiums continued to climb this quarter, at an average of 17.1%, the highest increase in premiums among all lines for the fourth consecutive quarter. Issues with reinsurance pricing and capacity continued to plague the line, as well as increased claim frequency and severity due to climate change, according to respondents.
