Venbrook Chief Claims Officer Awais Farooq was recently featured in a September 26, 2026 article by Insurance Insider US titled "Property rate softening unlikely to accelerate despite quiet hurricane season." The piece examines current conditions in the property insurance marketplace and explores whether an unusually calm Atlantic hurricane season could lead to more aggressive rate reductions heading into upcoming renewals.

According to the article, many industry participants believe property insurance rates will continue to soften, although reductions may begin to moderate as insurers and reinsurers approach the limits of what they view as sustainable pricing. Sources interviewed by the publication noted that significant rate decreases have already occurred over the past several renewal cycles and that carriers remain mindful of maintaining underwriting discipline.

The story also highlights the broader catastrophe landscape affecting insurers. While the Atlantic hurricane season has been comparatively quiet, the industry continues to absorb substantial losses from secondary perils, including severe convective storms and other weather-related events across the United States.

Commenting on the impact of these events, Awais noted:

"Those losses don't make national headlines the way a landfalling hurricane does, but they still land on someone's desk, and they still hit the results."

The observation reflects an important industry reality: catastrophe exposure extends beyond major hurricanes. Secondary peril events continue to generate meaningful claims activity and remain a significant consideration for insurers, reinsurers, and risk managers alike.

Venbrook is proud to contribute expertise to industry discussions that help clients and partners better understand evolving risk trends and market dynamics.

Read the original article in Insurance Insider US: "Property rate softening unlikely to accelerate despite quiet hurricane season."