General liability and umbrella liability rate hikes accelerated in July, but increases for commercial auto and commercial property eased, according to a report Thursday from Ivans Insurance Services, a unit of Applied Systems Inc.
General liability rates rose 4.98%, up from 4.79% in June, while umbrella rates rose 8.83%, compared with an 8.69% increase, Ivans said.
Commercial auto rates rose 7.96%, down from 8.42% in June, and commercial property rates increased 7.98%, compared with 8.19%, Ivans said.
Business owners policies rate increases also ticked down to 7.55%, from 7.74%.
Workers compensation rates fell 1.48%, compared with a 1.61% decrease in June.