The property insurance market outlook for 2024 has shown signs of improvement with decelerated rate increases as compared to the last several years. This comes as positive news amid insureds’ fatigue of significant rate increases over multiple years, particularly in 2023, as insureds saw large jumps in their property insurance costs. Rate increases in 2023 were sometimes unbearable for insureds – dipping into an insured’s profitability and ROI. Learn more about optimizing your property program.
