General and product liability rate increases will slow in 2023: USI
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

General and product liability rate increases will slow in 2023: USI

Kyoung-son Song
January 05, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
USI logos abstract financial city rates.jpg

General and products liability rate increases will slow down in 2023, with an expanding number of insureds expected to experience flat to 5% hikes as the year progresses, according to USI.

In its 2023 PC Market Outlook Report, the brokerage firm said it expects that H1 2023 rate increases for the segment will be in the range of 5%-10%.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsGeneral casualty/GLUmbrella/excess casualty
kyoungson son 2024 ii us 2.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article