Property and casualty commercial-lines rates climbed by 5 percent during 2012's fourth quarter, according to a quarterly survey. Rates also rose by 5 percent for the month of January, MarketScout's latest Barometer reveals.
Both reports lend more evidence to the idea that the commercial-lines segment is on a slow but steady upward trajectory.
The latest survey from The Council of Insurance Agents & Brokers shows that the 5 percent 2012 fourth-quarter overall rate increase across all account sizes outpaces the increases seen in any other quarter during the year. Rates were up by 3.9 percent in 2012's third quarter, up by 4.3 percent in the second quarter, and up by 4.4 percent in the first quarter.
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