First decline in commercial property rates since 2017, and another drop in cyber premiums signal a buyer-favorable turn in the market, The Council of Insurance Agents & Brokers reports.
AI-driven businesses face rising litigation, regulatory scrutiny, and insurance challenges from misrepresentation, disclosure failures, and systemic risk.
Average rate increases ease to 2.8% from first quarter’s 3% rise, with commercial property insurance showing improvement, according to Novatae’s Market Barometer.
Commercial insurers earnings are strong, but natural disasters, geopolitical risks, and mounting legal system challenges could upset the balance, the broker finds.