Property insurers are facing increased water damage claims, which has led to financial strains. In response, insurers have taken various actions such as increasing deductibles. General and products liability insurance rates are expected to rise by 5-10%. Umbrella and excess liability insurance rates will remain volatile. Workers' compensation premiums are under pressure due to medical costs and job shifting. Read More>>> What to watch in the 2023 commercial P&C market | PropertyCasualty360