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McGriff Market Update: Spring 2023


The majority of Property & Casualty lines continue to experience moderate rate increases for Spring 2023, with the outlier Property insurance. Significant premium increases and tighter capacity deployment persist, more so for challenged occupancies. Policyholders will also continue to see greater underwriting scrutiny on property valuations.

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Insurance products and services offered through McGriff Insurance Services, LLC, a subsidiary of Truist Insurance Holdings, LLC, are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.

McGriff Insurance Services, LLC. CA License #0C64544