Login Register Subscribe
Current Issue


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”.

Property/casualty insurance pricing remains competitive


Average commercial property/casualty insurance prices were flat in April compared with those of the same month a year earlier, Dallas-based electronic insurance exchange MarketScout reported Tuesday.

Among the lines of coverage tracked by MarketScout, commercial automobile experienced a 2% increase, while commercial property and employment practices liability insurance posted 1% increases.

By account size, the largest accounts reported year-to-year decreases of 2%. Rates for the smallest accounts rose by 1%.

“The market continues to be trending downward over the last eight months, from October 2014 at plus 1.5% to April 2015 at a 0% increase,” MarketScout CEO Richard Kerr said in a statement. “It's not dramatic, but it is a trend. Coastal property may experience some slight rate increases since we are on the cusp of the wind season. Rates on all other exposures should continue to be quite competitive.”