Property/casualty insurance rates flat in January

Property/casualty insurance rates were flat in January, Dallas-based electronic insurance exchange MarketScout said Thursday.

Rates grew 1% from December to January for commercial property, general liability, commercial auto, professional liability, employment practices liability, D&O professional liability and umbrella/excess policies, MarketScout said.

There was no change in rates from December to January for workers compensation, business interruption, fiduciary, crime and surety coverage, according the report.

“There are differing views on how long and deep this pending soft market cycle may last; however, few insurers are projecting rate increases," MarketScout CEO Richard Kerr said in a statement.

P/C insurance rates also remained flat when broken down by account size and industry class, according to MarketScout.