White Paper

Navigating Casualty Exposures and Markets

Nationwide’s Ashley Moffatt updates us on casualty trends and discusses some of her group’s coverage approaches.
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White Paper Summary

Buyers of commercial insurance can celebrate the fact that property insurance rates have come down considerably from the dizzying heights established by the markets in 2023. With casualty insurance rates, however, the story for buyers is not as comforting.

According to a recent report by Marsh, casualty insurance premium increases, excluding workers’ compensation, remained at a stubbornly high 7% in the second quarter of 2024. And that’s for primary layers of insurance. Excess layers are even pricier.

“After conferring with our reserving actuaries, I can confirm that claim cost trends are in the double digits,” said Ashley Moffatt, senior vice president of E&S Brokerage Primary Casualty for Nationwide.

To learn more about Nationwide, please visit their website.

Nationwide, a Fortune 100 company, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A by A.M. Best and A+ by Standard & Poor’s.