MarketScout: Continued Evidence Of Slowly Turning Market

The composite rate for U.S. commercial lines was up 2 percent in February 2012, according to the latest analysis from  online insurance exchange MarketScout.

Commercial property and workers’ compensation continued to lead the increases at plus 3 percent, followed by BOP, general liability and umbrella/excess with reported rate increases of 2 percent.

All other coverages were up 1 percent, except for fiduciary and surety which were  flat.

Richard Kerr, CEO of MarketScout noted:

In September 2011 rates were flat. Since then, we have continued to see evidence of a slowly turning market with the composite rate at 0 percent for October; 1 percent increase for November 2011 through January 2012 and now  a 2 percent increase in February 2012.”  

An article  on PC360 takes a closer look at the gradual incline in commercial rates.

Check out I.I.I. information on industry results and market conditions.

2 thoughts on “MarketScout: Continued Evidence Of Slowly Turning Market”

  1. Cavalcade of Risk #152, the Short & Sweet edition is up, and your post is in it:

    http://www.riskmanagementmonitor.com/cavalcade-of-risk-152/

    Please tell your readers.

    And a friendly reminder to newbies and regulars alike that, while it’s not mandatory to give a link back, it’s the way that carnivals work best. If your submitted post has been included in the Cav, please remember to post about it on your blog because it helps us all.

    Thanks!

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