U.S. Commercial Insurance Market Conditions Remain Favorable - But Warning Signs Emerge: Lockton Market Update

KANSAS CITY, Mo., Sept. 24, 2025 /PRNewswire/ -- Market conditions for U.S. commercial insurance buyers remain largely steady, with favorable pricing across most lines. However, broader economic volatility continues to fuel uncertainty. Now is the time for insurance buyers to take a strategic approach to their risk programs to navigate volatility with confidence, according to the latest edition of the Lockton Market Update.

The quarterly report published by Lockton, the world's largest privately held and independent insurance broker, offers timely and relevant insights for commercial insurance buyers. The September report details conditions across property, workers' compensation, liability, directors and officers liability (D&O), and cyber insurance. The report also includes a spotlight on managing risk as the data center market experiences rapid growth.

"In June, we reported on a market full of contradictions," said Vince Gaffigan, Lockton's Director of U.S. Market Engagement. "Three months later, that paradoxical nature hasn't disappeared. In fact, it's likely to be a constant for the foreseeable future. It's as though we are in the third inning of a tight ballgame. As we move into the middle and late innings, every pitch, every call, and every play will count — and could change the outcome."

Rates continue to be favorable for buyers across most major lines of coverage, but early warning signs of potential price tightening are emerging in both the D&O and cyber markets. Meanwhile, third-party rates continue to climb for most buyers, driven by the effects of social inflation and escalating loss trends.

"With geopolitical volatility, shifting regulations, and deep economic uncertainty, execution matters," said Greg Spore, Lockton's U.S. Professional and Executive Risk Market Leader. "Buyers with strategic foresight are best positioned to secure favorable outcomes. Now is the time to invest in risk management, deploy capital strategically, and partner with a broker who delivers holistic, data-driven guidance. The latest Lockton Market Update offers the insights needed to navigate today's risks with confidence."

Explore the September 2025 Lockton Market Update now for more insights and recommendations for insurance buyers.

About Lockton

What makes Lockton stand apart is also what makes us better: independence. Lockton's private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

SOURCE Lockton