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Commercial-Lines Rates Continue Their Slow, if Mostly Steady, Ascent

Commercial-lines rates in the U.S. and abroad continued their recent trend of moderate increases last month, according to two recent analyses.

By Mark E. Ruquet | Updated on October 15, 2012
Commercial-lines rates in the U.S. and abroad continued their recent trend of moderate increases last month, according to two recent analyses.

In its most recent Market Barometer, which measures U.S. commercial-lines rates, Dallas-based MarketScout says rates in September increased by 5 percent compared to the same month a year ago. Rates for small and medium-size accounts (defined as up to $250,000 in premium) were up 6 percent, while large accounts (between $250,000 and $1 million) were up by 4 percent. Rates for jumbo accounts (over $1 million in premium) were up by 3 percent.

By coverage class, Commercial Property was the only line to see a lower rate of increase compared to August’s MarketScout report. In the current report, Commercial Property rates were up by 6 percent in September compared to September 2011; August 2012 saw rates in this line up 7 percent compared to August 2011.

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