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Subscriber only, premium content. Monday, August 31

Personal lines rates still moving up

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Personal insurance rates continued to climb slightly in March, according to an analysis issued by Dallas-based electronic insurance exchange MarketScout late last week.

Rates rose an average of 3% for homes in both the over $1 million in value category and those below, while personal auto also rose 3%. Personal articles coverages rose 2%.

“We are seeing the premium increases moderate and expect that trend to continue unless insurers are hit with a large catastrophic weather events later in the year,” said MarketScout CEO Richard Kerr in a statement.