2026 Commercial Risk State of the market

The commercial property and casualty market entered the second half of 2026 in a fragmented environment shaped by climate events, geopolitical conflict, AI, and social inflation. The report said commercial property pricing continued to soften, with Q1 marking the fourth straight quarterly decline, while casualty lines remain under pressure from litigation and emerging liabilities. It also said US E&S direct premiums written reached $105.3 billion in 2025, the first time the market surpassed $100 billion.