P&C insurance brokers report that prices slightly rose during the third quarter of this year. Small accounts were said to have the largest increase, according to the Council of Insurance Agents & Brokers.
In a quarterly survey of the association's members, brokers stated that commercial-insurance rates rose less than 1 percent on average.
Third-quarter rates for small accounts edged up at a little more than 2 percent. Medium accounts were up slightly more than 1 percent, while large accounts were down by less than 1 percent.
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