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March Personal Lines Rates up 4%, Says MarketScout

Personal-lines insurance rates are up 4 percent in March as catastrophe modeling adjustments are having an effect on homeowners premiums, says MarketScout.

By Chad Hemenway | Updated on April 08, 2013

Personal-lines insurance rates are up 4 percent in March as catastrophe modeling adjustments are having an effect on homeowners premiums, says MarketScout.

The Dallas-based electronic insurance exchange’s monthly market barometer indicates insurance rates on homes valued under $1 million went up 4 percent in March, compared to the same month a year ago. Home valued at more than $1 million saw rates go up 5 percent.

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