Commercial property/casualty insurance rates will likely be stable for the rest of this year with declines in several market sectors, though primary and excess liability prices continue to rise. HUB's Michael Chapman explains the third-quarter rate report as well as how losses from Hurricane Helene (while predicted to be about $6.4 billion) will not affect rates as a significant amount of the damage caused by Helene will be uninsured. Read more in Business Insurance: https://ow.ly/rGNj50U6bw8 #InsuranceRates #BusinessInsurance
Insightful report on the current insurance marketâunderstanding these trends is key for businesses to plan effectively.