You are here:HomeNews CenterInsurance News2017Q2 2017 Commercial Rates Up One Percent

Q2 2017 Commercial Rates Up One Percent

MarketScout reports that pricing on primary insurance for U.S. firms was up 1 percent overall in 2017’s second quarter. Commercial auto business led the gains at 4 percent, while workers’ compensation fell 2 percent on aggregate, according to the Market Barometer study...
July 11, 2017

MarketScout reports that pricing on primary insurance for U.S. firms was up 1 percent overall in 2017’s second quarter. Commercial auto business led the gains at 4 percent, while workers’ compensation fell 2 percent on aggregate, according to the Market Barometer study. Meanwhile, professional liability, directors and officers liability, and employment practices liability cover were each up by 2 percent on average in the second quarter.

Other classes were all up 1 percent on average — including commercial property, inland marine, business owners’ property, inland marine, general liability, crime, surety, and umbrella and excess business.

Nearly all major commercial insurance lines saw renewal rate increases in the second quarter, according to a report released by insurance exchange IVANS, a division of Applied Systems.

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