Commercial Property Rates to Continue Modest Rise: Aon

Aon says insureds can expect commercial property rates to continue their modest rise through the first half of 2013, with Superstorm Sandy victims bearing the brunt of that increase.

By Mark E. Ruquet | Updated on February 22, 2013

Insurance broker Aon says insureds can expect commercial property rates to continue their modest rise through the first half of 2013, with Superstorm Sandy victims bearing the brunt of that increase.

In its report, “2013 U.S. Insurance Market Overview: Year in Review and Forecast Property,” Aon says accounts can expect rates to rise up to 10 percent. Property risks without Gulf of Mexico and East Coast exposures can expect flatter rates and possibly some modest market competition for non-catastrophe-exposed business.

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