US commercial insurance composite rates up 3.75% in 2024: MarketScout
Reinsurance News - Jan 07, 2025
The US commercial insurance sector saw a composite rate increase of 2.64% in Q4 2024, bringing the total increase for the year to 3.75%, down from 4.56% in 2023, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae, observed that property rates are slowing due to fewer insured...
Recommended Articles
Posted: Apr 17, 2025
Speaking during Marsh McLennan’s Q1 2025 earnings call this afternoon, Dean Klisura, CEO of re...
Posted: Apr 17, 2025
Amwins Special Risk Underwriters (SRU) has launched its new Excess Casualty Sidecar Program, offerin...
Posted: Apr 17, 2025
Independent insurance broker Lockton has announced the appointment of Chris DiLullo as its first U.S...