Q4 2024 Commercial Insurance Update: A Buyer’s Market Except For Casualty

Woodruff Sawyer
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The commercial insurance market remains a buyers’ market across all sectors except for casualty. Within the casualty market, workers' compensation stands out as the only bright spot, with rates continuing to decline. In contrast, rates for auto, general liability, and umbrella coverage are on the rise, largely driven by legal system abuse, resulting in substantial settlements that are stressing these products.

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Woodruff Sawyer
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