MarketScout News

MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8%

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years. For the last quarter of 2024, the composite rate went up 4%, said …

Q2 2024 Personal Insurance Rates Up 7.6%: MarketScout

The average rate increase for U.S. personal lines coverages was about 7.6% in the second quarter, up from about 4.8% for the first three months of the year, according to MarketScout. Dallas-based MarketScout, a division of Novatae Risk Group, said …

MarketScout: 2023 US Commercial Composite Rate Up 4.56%

According to the MarketScout Market Barometer, U.S. commercial property/casualty insurance rates rose 5.6% in the fourth quarter of 2023, resulting in a total composite rate increase of 4.56% for the whole of 2023. “Calendar year 2023 settled down a bit …

Q3 Commercial, Personal Rates Moderate: MarketScout

Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter. According to MarketScout’s Market Barometer, the composite rate for all U.S. lines of commercial insurance business moderated except for business …

Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MarketScout

Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer. The Dallas-based distribution and underwriting company, a division of Novatae, said most lines of coverage …

Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout

In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter 2023, according to MarketScout. The Dallas-based distribution and underwriting company’s Market Barometer showed cyber lead the way with a …

Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout

According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%. The Dallas-based distribution and underwriting company said property insurance “continues to be challenging,” with Q4 rate increases of 9.3% overall. …

Novatae Risk Group Acquires MarketScout; Kerr Named CEO

Managing general agent Novatae Risk Group said it acquired fellow MGA, MarketScout Corp., on Nov 1. Terms of the transaction were not disclosed. Richard Kerr, founder and CEO of Dallas-based MarketScout, was named CEO of Novatae, effective immediately. Steve Cook, …

Q2 Rate Increases Hold Steady: MarketScout

Personal and commercial rate increases stabilized virtually across the board in the second quarter of 2022, according to MarketScout’s Market Barometer. U.S. personal lines rates increased 5.16 % in the second quarter – close to the 5.2 % increase seen …

Rate Increases Steady in Q2: MarketScout

MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …