Commercial property and casualty insurance rates are on the rise and have been for quite some time. We will explore all areas of commercial insurance carriers and how their rates -- and profits -- have fluctuated over the past 20 years, and also what kind of correlation there is between average premiums and carrier profits. Statistics will be presented relating to current issues such as climate change and extreme weather events, inflations -- both fiscal and social -- and the rapidly increasing number of cyberattacks and large businesses that are all resulting in large and very frequent claims being filed with major insurance carriers. We will analyze the effects of the dot-com bubble, the 2008 financial crisis, the coronavirus pandemic, and other economic events in between on commercial P&C rates. Finally, based on these findings I will prepare a 10-year outlook on commercial insurance rates.