US commercial price increases rise a touch in Q3, finds CIAB survey

Tight underwriting and increased scrutiny continue in third quarter

US commercial insurance buyers faced average premium increases of 8.1% across all account sizes in Q3 2022, up from 7.1% in Q2 2022, as hardening accelerated, finds The Council of Insurance Agents & Brokers (CIAB).

Respondents to a survey for the CIAB’s Commercial Property/Casualty Market Rep...

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