The cost of commercial insurance coverage continued to soften during the first quarter, according to a couple of recent surveys. Premiums fell for every type of insurance tracked in the benchmark survey conducted by the Risk and Insurance Management Society (RIMS) and Advisen, with the average property premium down 2.9% and the average liability premium off 4.4%. Even directors and officers liability coverage, which inched up last year, was off 1.1%.
|A separate survey by the Council of Insurance Agents & Brokers also showed uniform softness.
|RIMS points out, though, that insurance premiums could begin to rise if forecasts for an unusually severe hurricane season this year pan out.
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.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
