September E&S Premiums Up 14%

Commercial Property stayed in the lead, with $396.8 million, a 38% increase over last September. Policy count increased by 13% to more than 14 thousand.

Excess Commercial General Liability also stands out with a 40% premium increase over last September. Commercial Package and Miscellaneous E&O Liability saw marginal premium declines compared to the same period in 2023.

A majority of coverages saw an uptick in policies except for Commercial General Liability, Builders Risk - Commercial, and Commercial Package, which declined 27%, 26%, and 5%, respectively.

Year-to-date statistics paint a more clear picture of stability concerning specific coverage lines. Commercial Property increased marginally by 9% on premium and policy count. Commercial General Liability premium increased 18%, ten percentage points above the September increase of 8%. Excess Commercial General Liability YTD premium was consistent with September, at 38%, an increase over the first nine months of 2023.

Policy count totals for the year didn't waver much compared to 2023, with the exception of Miscellaneous Liability, which increased by 57%.