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Mark A. Hofmann

Commercial property/casualty rates rose 4% in November: MarketScout

December 5, 2013 - 10:41am

Commercial Property Casualty Rates


Commercial property/casualty insurance rates rose an average of 4% in November, Dallas-based electronic insurance exchange MarketScout reported Thursday.

Among lines of coverage tracked by MarketScout, commercial automobile experienced the largest increase at 5%. Commercial property, general liability and workers compensation registered increases of 4%, while crime and surety coverages posted the smallest increases at 1% each.

Manufacturing, contracting and service accounts experienced the greatest increase at 5% each, while public entities had the smallest increase at 3%.

“The market is still on an upward trajectory, but rate increases are slowing,” said Richard Kerr, CEO of MarketScout, in a statement accompanying the report.

 



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