A Building Boost: Construction Premiums Expected to Rise 10% in 2021
Despite the COVID-19 pandemic, construction, especially residential construction, is on the rise. The outlook for commercial insurers in 2021 is primarily positive, with many indicators suggesting new capital will flow to new commercial lines accounts.
Verisk's ISO MarketStance has been forecasting the potential impact of the pandemic for commercial insurers. To learn more about the prospects for specific U.S. commercial lines in 2021 and beyond, download the March 2021 update here.