Ivans on Commercial Rates — The Market Softens

Ivans recently released its analysis of commercial insurance in the first quarter of 2026. The conclusion is the market is softening. Michael Streit is the president of Ivans. He said premiums in all of the major lines fell in the first quarter when compared to 2025’s last quarter.

“Q1 sets an important baseline for 2026, with commercial rates continuing to soften as the market adjusts to a more moderate pace of change,” Streit said.

• Commercial auto rates are up 5.25%. That’s a drop from the 6.97% in the fourth quarter of 2025.
• BOP averaged hikes of 6.7% in the first quarter. The average increase was 7.2% in 2025’s fourth quarter.
• General liability saw an average rate hike of 6.85%. That’s down from the 7.23% in the fourth quarter of 2025.
• Commercial property rates averaged an increase of 6.85%, down from 7.23% in the fourth quarter last year.
• Umbrella rates rose an average of 9.36%. That’s down just a touch from 9.49% in quarter four of 2025
• Workers’ compensation rates fell 1.73%. Rates dropped from the 1.61% fall in the fourth quarter last year.

Source link: Insurance Journal — https://bit.ly/3OIpx3f