MCGriffAVosheMeleroanAgeneyLCComprryMarket UpdateQ22025McGriff.com
ContentAbout McGriffWhen it comes to protecting what matters most inbusiness and everyday life, we believe our clientsMarketOverviewshould never settle forless than the best. For morethan a century, we've relied on expertise, resources, andProperty&Casualty10relationships to deliverinsurance and risk managementsolutions focused on our clients' priorities and what theyEmployeeBenefits.14value most.MarketUpdatebyIndustryMcGriffispartofMarshMclennanAeencv(MMA)SectorandCoverages.18Our solutions include commercial property and casualtycorporatebonding and surety. cvber.managementliability, captives and alternative risk transfer programsAutoDealers19employee benefits, small business insurance, andpersonal linesAviation.21Our experienced risk management specialists developConstruction......-26highly tailored solutions while listening, leaming, andexecuting with precision under the guidance of our fourCyber......31Energy..35Integrity: We do what we say, every timeEnvironment....3Determination: We relentlessly pursue success on your behalf.Flood.........42Passion: We are specialists in our field driven tserveyou.Marine..45Collaboration: We build strong relationships withteammates.partners.andvouto create the bestPublicCompanyDirectorssolutions.and OfficersLiability...4-7PublicEntity50Join the thousands of businesses, organizations, andindividuals across the country who choose McGriff. a firmRealEstate&Hospitality....5protect your most valuable assetsRestaurants.........59WithMcGriff.youll never have to settle forlessSeniorCare..61Transportation.....6412
MarketOverviewWith the exception ofCommercial Auto and Umbrella, all other insurance lines showedlower premium increases in Q1 2025 than in the last quarter of 2024, signaling softenedmarket conditions, according to the most recent report from The Council of InsuranceAgents&Brokers(CIAB)13
Premiums acrosallacountsizesrose bvan average of4.2%,downfromthe5.4%increase in042024.Fivelinerecorded decreases in premiums: Cyber Liability, Directors & Officers Liability, Employment Practices LiabilityTerorism. and Workers Compensation.Average PremiumChanges,Q41999-Q1202530.0%AQ401,28.5%25.0%20.0%15.0%Q320,11.7%Q124,7.7%10.0%Q113,5.2%5.0%0.0%-5.0%Q410,-5.4%Q216,-3.9%10.0%Q205,-9.7%-15.0%0108.-13.5%-20.0%As in042024. Commercial Auto and Umbrella policties had the highest average increases in premniums of alines thisquarter. at an average of 10.4% and 9.5% respectively, higher than the last two quarters. Third-party litigation funding(TPLF)is one of the principal factors driving the increases for both Auto and Umbrella, according to the CIAB reportCommercialPropertvInsuranceTheCommercialPropertvinsuranarket continues to imorove in 2025 with premium increases slowing dowrto 29%, a50% decrease from Q4 2024. Despite the January wildfires in California, new underwriterflexibility oncommercial property risks has resulted in better terms on renewal, including lower deductibles or higher limits ...
