Some sectors are seeing rate increases flattening, but it’s not so simple
Navigating the commercial insurance landscape can be a daunting task for middle-market businesses. While some lines of insurance have been in a “hardened” market cycle, others are more stable.
Brokerage group Hub International reported a 6.9% average increase in commercial insurance rates for middle-market businesses in the third quarter of this year, projecting rates to remain steady or even ease through the year-end.
However, it noted significant variations in rates for certain lines, such as commercial auto, general liability,