Hurricane Ian is going to affect commercial and personal property rates “significantly” – not just in Florida, predicted MarketScout. The Dallas-based insurance distribution and underwriting company released its quarterly Market Barometer of rate conditions in personal and commercial insurance lines. …
The composite rate for commercial insurance placed in the United States moderated in June to minus 1 percent from minus 2 percent in May 2016. “Insurers are getting tired of cutting rates,” said Richard Kerr, CEO of MarketScout. “There are …
Commercial insurers eased up slightly on rate cutting in March, according to the MarketScout barometer for the month. After three straight months of price cuts averaging 4 percent, U.S. commercial property, inland marine, general liability, umbrella, workers’ compensation and professional …
Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest rate increases as compared to prior year results …
