"Property insurers are nervous"
Report examines increased commercial insurance rates
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Report examines increased commercial insurance rates
According to the MarketScout Market Barometer, U.S. commercial property/casualty insurance rates rose to 5.6% in the fourth quarter of 2023, resulting in
Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter. According to MarketScout's
Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to
The development of construction and real estate sector has been weak in the early part of 2023. The amount of construction in the Helsinki Metropolitan Area grew rapidly during the period of zero interest rates but is expected to decline significantly this year. The largest drop is in residential construction, but there is also a slight decrease in commercial construction. The rise in construction costs slowed down significantly in April, and there has been a significant increase in bidding activity.