As conditions improve in commercial property lines, Alera reports buyers are seeing more moderate price increases, better placement terms and increased capacity in some areas. (Credit: bizvector/Adobe Stock)
The U.S. property and casualty market has begun to stabilize, says the latest market update report from Alera Group. In Q1 2024, premium increases averaged 7.7% across all lines and account sizes, but that dropped to a 5.2% average increase in the second quarter.
While this is positive overall, there are certain lines facing harder markets than others. Below, we'll examine the outlook for specific lines, according to Alera's report.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
