Renewals for Most Commercial Lines Decrease in May, Says Ivans

Year over year, average U.S. commercial premium renewals for May increased in all lines except workers’ compensation, according to the Ivans Index.

However, month over month, commercial auto, business owners policy, general liability, and umbrella saw a decrease, while commercial property and workers’ comp experienced an increase, said Chicago-based Ivans.

Premium renewal rate change by line of business for May 2026 highlights include:

Commercial Auto: 4.96%, down from 5.24% last month

BOP: 6.07%, down from 6.43% at the end of April

General Liability: 5.28%, down from April, which was 5.70%

Commercial Property: 6.71%, up from 6.24% in April

Umbrella: 8.01%, down from 8.27% in April

Workers’ Compensation: -1.31%, up slightly from -1.35% last month

In its last report, Applied Systems’ Ivans said premium renewal rates in the first quarter of 2026 decreased for all major commercial lines compared to fourth-quarter 2025.

The Ivans Index analyzes more than 120 million data transactions, and includes more than 38,000 agencies and 700 carriers and managing general agents.