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”.

Login Register Subscribe

Commercial property/casualty insurance rates rose 1% in December: MarketScout

Commercial property/casualty insurance rates rose 1% in December: MarketScout

Commercial property/casualty insurance rates rose 1% on average in December compared with those of a year earlier, MarketScout reported Thursday.

The Dallas-based electronic insurance exchange said workers compensation experienced the largest increase at 3%, followed by commercial property and general liability with 2% increases.

No line of insurance monitored by MarketScout experienced a decrease, although several, including commercial automobile and fiduciary liability, were flat.

In general, the smaller the account, the larger the increase, with the smallest accounts monitored by MarketScout reporting 2% increases and the largest accounts enjoying flat rates.

“The December composite rate increase further supports our findings that the soft market cycle has ended,” said Richard Kerr, MarketScout CEO, in a statement announcing the results. “There will continue to be micromarkets where rates decline; however, on a composite basis, the trend is clearly toward rate increases.”

MarketScout first reported rate increases in November, when they went up by an average of 1%.

Read Next