November 2025 Ivans Index Shows Broad Rate Increases in U.S. Commercial Insurance Lines

The November 2025 Ivans Index reveals ongoing increases in renewal rates across most U.S. commercial insurance lines, except workers' compensation which remains flat or soft. Commercial auto, BOP, general liability, commercial property, and umbrella coverages all report year-over-year premium growth, with commercial property and umbrella leading the increases due to inflationary pressures and higher loss costs. Month-over-month changes were mixed, reflecting selective insurer pricing adjustments by line. Commercial auto and BOP lines are experiencing moderate rate gains suggesting stabilization, while workers' compensation renewals stay negative amid competitive market dynamics and reduced claim frequency or severity. The Ivans Index, based on over 120 million transactions, highlights insurer strategies to balance rate hikes in high-risk segments against competitive pressures in softer markets. This data-driven insight is critical for commercial insurance stakeholders monitoring underwriting, claims inflation, and pricing trends in 2025. It underscores the importance of line-specific rate management amidst economic headwinds and evolving loss exposures.