Search
 

P&C rates: Commercial market 'on the cusp of soft market,' as personal lines stabilize

Commercial rates fell in December 2014 -- sending out warning signs for the return of a soft market -- while personal rates moderated during the same period, according to a report by MarketScout.

By Caterina Pontoriero | Updated on January 07, 2015

Commercial rates fell in December 2014 — sending out warning signs for the return of a soft market — while personal rates moderated during the same period, according to a recent report from MarketScout.

“We are on a cusp of a soft market,” says Richard Kerr, CEO of MarketScout. “Throughout 2014, the composite P&C rate slowly drifted towards renewing as expiring, and in December we finally hit that mark.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.