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16 April 2024Insurance

US commercial P&C renewal rates slip in March; Q1 at long-term high

US commercial P&C insurance renewal rate growth edged down from prior month peaks in the industry's three hottest commercial lines, and came down for five of six charted lines overall, the latest reading of the Ivans Index indicated.

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6 March 2024   Strongest monthly acceleration of recent years more than overcobmes January easing.
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9 February 2024   Commercial auto falls notably from November peak in rate acceleration.
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9 August 2023   Commercial P&C renewal rates rebound from Q2 wobble to 9.7% y/y, still near cycle peak.