Marsh says second-quarter rates in the U.S. are up but small drops in rates outside the U.S., on average, declined.
Across all lines of business during the last quarter, rates on renewals increased 1.6 percent in the U.S., with the largest hikes in professional liability and financial institution liability lines, which on average renewed at flat-10 percent.
During the first quarter in the U.S., most major insurance lines saw increases of between 2 percent and 4 percent, while rates decreased an average of about 1 percent outside the U.S., says Marsh in its Global Insurance Market Quarterly Briefing.
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