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Commercial property insurance pricing fell 8.1% in Q2, Baldwin Group says
The Baldwin Group said property pricing has declined for five straight quarters, while casualty pricing pressures persist due to ongoing legal and claims trends.
The Baldwin Group, a US independent insurance brokerage and advisory company, said commercial property insurance pricing fell 8.1% during the second quarter, extending a run of declines that has now lasted five consecutive quarters, according to its Q2 2026 Market Pulse Report.
The company said the softer property market is giving insurance buyers more flexibility to review policy structures and negotiate improved terms. It cautioned, however, that lower premiums should not be read as a reduction in overall risk exposure.
Baldwin said liability-related pressures remain firmly in place, with slower pricing growth across casualty lines not changing the underlying drivers of claims inflation. It cited factors including social inflation, nuclear verdicts, and third-party litigation funding influencing insurers’ pricing decisions.
The Baldwin Group added that businesses may be able to redirect savings from property insurance to strengthen other parts of their insurance programmes, and it said insurers remain focused on catastrophe exposure and property valuation and replacement cost calculations.