Latter half of 2024 presents challenges
USI Insurance Services has released a mid-year update of its 2024 Commercial Property & Casualty Market Outlook, detailing recent insurance market changes and projecting trends for the remainder of the year.
In the property sector, large rate increases from 2023 have mostly leveled off. Rates are flat to up 10% for both natural catastrophe (CAT) and non-CAT propert