Insurance Rates News & Trends | Insurance Insider US

The agency cited falling property rates and US casualty challenges.

While buyers enjoy favorable market conditions, increased costs from tariffs could spell trouble in 2026.

Insurance has been an increasingly salient issue among politicians in the state.

The company’s policy count has been declining rapidly in recent months.

The medical care index increased 3.5% over the past 12 months.

Insurers have thrown fuel on the fire of the soft property market and brokers will struggle to eke out organic growth.

One avenue for capital freed up by a softer-than-expected renewal could be more M&A.

An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.

California and Florida were up significantly, but premium growth slowed in Texas.

Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.

The pricing battle has been played out but the extent of new demand will only show up in 2026.

The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.

Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.

Inflation was down from the 3% recorded for the 12 months ending in September.

Louisiana Insurance Commissioner Tim Temple outlined key priorities for 2026 in an interview with Insurance Insider US.

Several lines had price decreases, while growth in most sectors slowed from previous quarters.

Global insurance premiums reached an all-time high of $15.3bn by year end 2024.

Only GL and workers’ comp had renewal rate increases compared to Q2.

Texas was up over 25%, though California and Florida both recorded reductions.

Plaintiffs claim climate-induced cat losses have spurred increases in premiums.

The subsegment is the latest commercial auto sector to feel the heat of litigation losses.

Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.

The carrier said it anticipates a better market due to recent reforms.

Casualty rate increases largely stabilized in Q2 and Q3 at 5%-10% for general liability.

Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.

With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.

Softening rates amid worsening loss costs paints an uncertain future for the industry.

The agency cited moderating premium growth and selective underwriting capacity as factors behind the revision.

The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.

The growth and profitability survey predicts 8.5% median growth for 2025.

Workers’ compensation was the only line that saw a YoY decrease.

Rate decreases are often in double digits, but high loss trends and systemic risk persist.

The insurer reached highs of over 1.4 million policies in September 2023.

Some disagreement remains in where rate declines have been swiftest and how much further they could go.

The specialty carrier’s share price fell nearly 7% on the day of the call.

Workers’ comp rates dropped again, but the decline slowed from last quarter.