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

Rate hikes accelerate in most lines in Q4: Ivans

rising chart

Insurance rates for most major lines of commercial coverage increased at a faster pace in the fourth quarter, compared with the prior quarter, according to Ivans Insurance Services, a unit of Applied Systems Inc.

Commercial property insurance again saw the largest increases, with rates increasing 10.3%, compared with 10.1% in the third quarter.

In other lines, business owners policy rates rose 9.1%, compared with 7.7% in the prior quarter; commercial auto rates increased 8.8%, compared with 7%; umbrella rates were up 6.4%, compared with 5.3%; and general liability rates rose 5.8%, compared with 5.4%.

Workers compensation rates fell again, but the pace of decline slowed to -0.6% from -1%.

“Notably, BOP, general liability, commercial property and umbrella ended the year with their highest average premium renewal rate change,” Ivans said in a statement.