US property insurance rates tends latest from Marketscout
MarketScout, has just produced its Q4 2024 updated survey of rating trends of the US property and casualty market.
The graph of US P&C rates back to 2001:-
This clearly shows the significant rate increases in P&C rates since the bottom of the market in 2007 and the second soft market in 2017.
Since 2021/22 rate increases have been moderating but are still continuing as the chart shows. The summary is that US property rates are decelerating their increases due to increased capacity and fewer insured catastrophic events and umbrella/Excess Liability and Automobile rates continue to rise, but Professional Liability rates are stabilizing.
MarketScout, is a US insurance distribution and underwriting company headquartered in Dallas, Texas, and is also a Lloyd’s Coverholder.