Rates are rising, multiple studies agree—even global-property rates in non-catastrophe-exposed areas. But at least one firm, ALIRT Insurance Research, maintains the industry has not yet reached its "tipping point" for a hard-market turn.
In March, says Dallas-based online-insurance exchange MarketScout, commercial-insurance rates climbed by 3 percent, outpacing February's 2-percent increase.
MarketScout says Commercial Property and Workers' Compensation lines led the way with increases of 4 percent. Other lines of business were up 1-2 percent. Fiduciary and Crime were the exceptions, coming in flat.
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