P&C

D&O Premiums Decrease for First Time Since 2017

The Council’s Commercial P/C Market Index for Q3 is here.
By Zach West Posted on November 22, 2023

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.

Download the Q3 2023 report.

Zach West Content Specialist Read More

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