The P&C Hard Market: Why Commercial Insurance Rates Are Rising in 2024-2026
Reading Time: 2 minutesThe property and casualty insurance market has been in a sustained hard market since 2020. Carriers are raising rates, tightening terms, reducing capacity, and being more selective about risks. For commercial insurance buyers, this translates to higher premiums at renewal, stricter underwriting, and fewer carriers willing to quote certain classes of business. The hard market […]
Hurricane Ian Insurance Update: How P&C Rates Changed After the 2022 Storm
Reading Time: 2 minutesHurricane Ian, which made landfall in southwest Florida in September 2022, produced over $60 billion in insured losses, making it the second-costliest hurricane in U.S. history behind Katrina. The insurance market impact was immediate and lasting: Florida property carriers collapsed or exited, reinsurance costs spiked, and commercial property rates across the entire Southeast rose 15-30% […]