The good news is that Moody’s changed its outlook for the global property and casualty insurance sector to stable for 2025. In 2024, the outlook was negative.

Property Insurance

Property Insurance may stabilize in 2025; however, it is hard to predict. Catastrophic weather events like hurricanes, tornadoes, flooding, ice, and wildfires occurring anywhere in the U.S. may have an impact on Property Insurance for all.

Commercial Auto and General Liability

Both Commercial Auto and General Liability both correlate to the legal landscape of each state. In Georgia, there is a significant increase in the frequency and severity of claims, resulting in expensive lawsuits. This leads to a spike in insurance costs and premiums. There are efforts in Georgia to pass Tort Reforms, which may be one way to decrease these costs.

Umbrella

Umbrella coverage, while very important, has been more difficult to secure due to insurers restricting capacity. This means it is becoming harder to obtain the limit needed from one insurance company, resulting in the need to get different policies from multiple carriers to reach the total limit needed.

Workers’ Compensation

Workers’ Compensation has been stable in recent years; however, there are some trends that may affect premiums in the future. One factor to watch is the rising cost of medical care, which could impact the cost of Workers’ Compensation claims and result in rising premiums.

Cyber

Cyber coverage seems relatively available, easy to obtain, and rates appear to be on the decline in 2025.

Management Liability Insurance including Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime

Management Liability Insurance seems relatively available at reasonable premiums.