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Ridgemark Insurance Services

Commercial Auto Insurance Rates Spiking

Commercial Auto Insurance Rates Spiking

Skyrocketing claims costs and higher accident rates are pressuring the commercial auto insurance market, as insurers impose increasingly larger rate hikes and more are pulling out of the market or restricting who they will cover. While rate increases have been the...

Hard Commercial Property Market Lingers

Hard Commercial Property Market Lingers

The commercial property insurance market continues hardening, with average rates up 9.3% in the first quarter of 2023, according to MarketScout. Rates for business properties have been climbing steadily for the last six years, but those increases have grown at a...