Search
 
News

Commercial Insurance Rates Likely to Rise After 2017 Hurricane Season

Underwriters will be pushing for increases to offset the hit to their earnings, Willis says.

By Denny Jacob, PropertyCasualty360 | Updated on November 07, 2017

Commercial insurance buyers are likely to face rate increases for 2018 insurance programs following one of the most active and financially disruptive hurricane seasons in history, according to Willis Towers Watson’s 2018 Marketplace Realities report.

As the industry continues to tally losses, the report indicates underwriters will be pushing for rate increases as they balance what is expected to be a significant earnings hit for many, and for some a potentially material capital hit. The pressure to raise rates will be tested by underwriters who need to dip into capital to fund their losses. For buyers, this may mean the long soft market for commercial property insurance could be over—at least temporarily.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

Treasury Cash Pile Hits New Low

Treasury Cash Pile Hits New Low

Alexandra Harris |

The Treasury Department will sell an unusually short-dated bill tomorrow, as it seeks to maneuver around the strictures of the debt ceiling.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.