Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to fourth quarter 2025 results of the Ivans Index.
“The commercial insurance market remains firm overall, though renewal tr
ends suggest it is gradually moving off the peak conditions of recent years,” said Kathy Hrach, senior vice president of product management, Ivans.
The Chicago-based technology provider for insurance carriers, agents, and managing general agents said the average premium
enewal rate compared to Q3 2025 was up in general liability, commercial property, and umbrella but down in commercial auto, business owners policy, and workers comp.
Highlights by line of business, according to the Ivans Index:
Commercial Auto: Q4 2025 average premium renewal rate average
d 6.97%, a decrease compared to Q3 2025’s average premium renewal rate of 7.60%.
BOP: Premium renewal rate change for BOP averaged 7.52% in Q4 202
5, with a quarter high in December at 7.58%. The average premium renewal rate change for the quarter decreased from 7.55% in Q3 2025.
General Liabi
lity: Q4 2025 premium renewal rate experienced a significant increase compared to Q3 2025, averaging 7.23% versus 5.89%.
Commercial Property: Premium renewal rate averaged 8.01% in Q4 2025, with a quarter high in December at 8.34% and
a low in October at 7.61%. The average premium renewal rate change for the quarter increased from 7.64% in Q3 2025.
Umbrella: Average premium renewal rate change experience
d a slight increase during Q4 2025 at 9.49% versus 8.99% in Q3 2025.
Workers’ Compensation: Premium renewal rate change averaged -1.61%
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, down from Q3 2025 at -1.42%.
North Carolina’s insurance commissioner has heard nothing from the White House, three weeks after he sent a letter ur
ging the president to refrain from pardoning twice-convicted insurance entrepreneur Greg Lindberg.
“Mr. Lindberg’s criminal conduct was not incidental, technical, or victimless. It was deliberate, sustained, and directly aimed
at corrupting a state regulatory system charged with protecting the public in order to enrich himself,” reads the letter from Co
mmissioner Mike Causey, who wore a wire and recorded a conversation that led to Lindberg’s bribery conviction in 2020 and again in a retrial in 2024.
North Carolina’s U.S. Senators, Thom Tillis and Ted Budd, both Republicans, have agreed with Causey that Lindberg should not be pardoned, said a spokesman for the NC Department of Insurance.