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

Kyoung-son Song
January 05, 2023
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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%.

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Kyoung-son Song
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