The Baldwin Group Q3 2026 Market Pulse: Property Softening Levels Off as Casualty Lines Diverge and Excess Pricing Holds Firm
The Baldwin Group released its Q3 2026 Market Pulse report, showing commercial property pricing down 8.0% — the sixth consecutive quarterly decline but the first in which the decrease did not deepen. Casualty lines diverged: commercial auto rose 2.9%, general liability 3.5%, umbrella 5.6%, and cyber 2.0% (highest since early 2023), while workers' comp was flat and public D&O declined 1.8%. Management expects continued property softening into Q4 and sees excess/casualty pricing holding firm, with the January 1 reinsurance renewals the next key signal.
Key figures
- Cyber price change
- +2.0%
- Umbrella price change
- +5.6%
- Public d o price change
- -1.8%
- Workers comp price change
- -0.1%
- Commercial auto price change
- +2.9%
- Property price change q2 2026
- -8.1%
- Property price change q3 2026
- -8.0%
- General liability price change
- +3.5%
- Consecutive quarters property decline
- 6
- Private management liability price change
- +3.1%
AI analysis
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