"The Q3 results of the IVANS Index continues to show we operate in a hard market," Kathy Hrach, vice president of Product Management, IVANS Insurance, said in a press release. (Photo: IRStone/Adobe Stock)
The property & casualty insurance market continues to experience an overall hardening, according to the IVANS Index third quarter 2021 policy renewal results.
Premium renewal rate change for all major commercial lines of business remained generally positive."In fact, commercial auto, [business owners' insurance or] BOP, general liability, umbrella and workers' compensation reached their highest average premium renewal rate of the year in September," Kathy Hrach, vice president of product management, IVANS Insurance, said in a press release.
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