U.S. commercial insurance rates ease to 3.8% increase

Core Insights - U.S. commercial insurance rates increased by 3.8% in Q2 2025, continuing a downward trend from previous quarters [1][2] - The price increase in Q2 2025 is lower than the 5.9% increase reported in Q2 2024 [1][2] - Certain lines such as workers compensation, directors' and officers' liability, and cyber insurance experienced price decreases, while excess/umbrella liability saw the largest increases [2][3] Pricing Trends - Price growth moderated across most lines, with commercial property recording its first price decrease after several quarters of slowing growth [2][3] - Small and mid-market accounts experienced slightly lower increases compared to large accounts, which continued to rise but at a slower pace [2][3] Survey Methodology - The Commercial Lines Insurance Pricing Survey (CLIPS) compares premiums for policies underwritten in Q2 2025 to the same coverage in Q2 2024 [1][5] - The survey includes data from 42 participating insurers, representing approximately 20% of the U.S. commercial insurance market [5]