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AM Best: Insurance rate hikes ease as market conditions improve
By Maura KellerLarge premium increases approved during 2023 and 2024 were largely a response to rising claim frequency and severity.
News and information for property & casualty insurance agents and brokers on commercial lines insurance, including commercial property, D&O, E&O, Environmental, construction, employee practices liability, EPLI, business owners’ policy (BOP), general liability, crime, business interruption, cyber, equipment breakdown insurance, workers’ compensation, employee benefits, small business insurance, medical malpractice, fire and flood coverage, among other important types of coverage.
Large premium increases approved during 2023 and 2024 were largely a response to rising claim frequency and severity.