Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Most commercial insurance rates increasing

Reprints

Commercial insurance premium renewal rates remained in positive territory in April, except for workers compensation business, according to a premium tracking report released on Wednesday by insurance exchange IVANS.

The Tampa, Florida-based unit of insurance technology firm Applied Systems Inc. said commercial auto premium renewal rates increased by an average of 2.65%, up from 2.61% in March; business owner’s policy rates increased 4.02%, up from 3.86%; general liability rates increased 2.02%, down from a 2.04%; commercial property rates increased 2.95%, up from 2.41%; and umbrella liability rates increased 1.04%, down from 1.37%.

Workers compensation rates slipped 0.19% in April compared with a 0.25% fall in March.

The monthly IVANS Index analyzes more than 120 million data transactions and measures the premium difference year-over-year, the statement said.