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Q3 2024 U.S. Business Insurance Market Observations

The U.S. Business Insurance Market Observations report combines insights from Marsh McLennan Agency colleagues and market research to bring you up to speed on commercial insurance market trends each quarter. Our report equips you with the information you need to make informed decisions and remain resilient—no matter your industry.

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“Questions about the impacts of multiple hurricanes on the insurance marketplace are justified, but it’s the turning casualty market that’s in the spotlight.”

-Denise Perlman, CIC, President, National Business Insurance

U.S. Insurance Rates – Third Quarter

1%

decline in property rates. However, hurricanes Helene and Milton have added an element of uncertainty to the market moving into Q4.

10%

increase in casualty insurance rates.

4-5%

decrease in cybersecurity and data privacy rates.

What you need to know

Make sure you are up to date on relevant commercial insurance market trends impacting your business with our quarterly report.

Read Our Report

Download the report.

Business Insurance Trends report

We surveyed business leaders like you to find out what is at the top of their minds this year. Interested in seeing how we can help?

Explore the Trends

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On demand | The Future of Business Insurance: striving for stability in the face of unpredictability

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On demand | Positioning your organization for the optimal outcome: How to adapt in a transitioning commercial property market

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