Commercial property and casualty insurance premiums rose by 5.1% in Q3 2024, driven by an 8.6% increase in umbrella insurance due to social inflation and litigation. While umbrella insurance costs surged, other lines like commercial auto and property saw moderated increases. Meanwhile, competition led to price decreases in directors and officers (D&O) and cyber insurance. […]
Read MoreCommercial liability insurance protects businesses from financial loss due to claims of injury, property damage, and other liabilities arising from business operations. See how it can impact your business!
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