2022 Commercial Property Insurance Market Outlook
2022 Commercial Property Insurance Market Outlook https://domrisk.com/wp-content/uploads/2022/03/commercial-property-1024x536.jpg 1024 536 Dominion Risk https://domrisk.com/wp-content/uploads/2022/03/commercial-property-1024x536.jpgThe commercial property insurance market has hardened in recent years, resulting in quarterly rate increases since Q3 2017. Unfortunately, these rate increases—as well as additional policy restrictions—are expected to continue in 2022. Yet, this market may showcase some signs of moderation compared to 2021’s trends. It’s predicted that many insureds will experience single- or double-digit rate increases, lowered available capacity, higher sublimits, and various policy restrictions or exclusions—especially regarding losses tied to weather events or…
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