Umbrella
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The Delaware high court’s reasoning could find application in other cases. -
GL and workers’ comp, however, may benefit from a more competitive environment.
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Commercial auto saw the largest rate change, which was down about a half point by the end of July to 7.96%.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The pace of increases ticked down in the second quarter compared to Q1.
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All lines except workers’ comp are up year over year, however.
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Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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He was most recently middle market casualty leader and EVP at Chubb.
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The take-up rate will depend on the price discount and market segment.
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The amount of change over the past year falls short versus the discourse.
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Rate increases averaged 0.0% in December 2024, from 16.3% in December 2023.
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However, rate gains again accelerated year over year for all lines except workers compensation.
