With all the volatility and uncertainty going on right now, CFOs might feel badly in need of a win somewhere. They may be surprised to find that small victory when they renew their organizations’ property insurance policies. After several years of what’s known in the insurance industry as a “hard” market—think all the bad stuff, like higher premiums, more restrictive coverage terms, shrinking coverage availability—things have finally turned in the insurance buyer’s favor. That’s right: Rates are finally coming down for many, by as much as double-digit percentages. Prudent buyers can take advantage of this by shopping around, insurance brokers told CFO Brew. In its 2025 midyear report, HUB International estimated rate changes on commercial property policies ranged from 15% decreases to 5% increases, based on factors like whether a policy had multiple insurers or a single one, organizations’ risk profile, and geographic exposures to risks like wildfires or flooding. “The property market has quickly reversed course from needed rate increases over the past several years,” the insurance broker noted in the report. Organizations with shared and layered programs—meaning more than one company is insuring their property risks—are seeing greater rate reductions than those with just a single insurer, according to Blake Giannisis, North American property practice leader at HUB. Will CFOs see insurance costs fall?—AZ |