According to the MarketScout insurance exchange, the U.S. composite rate for all property and casualty lines across all states was up 1% in February after a flat January 2015. Personal insurance rates held stable at plus 2%.

Pricing measurements by coverage classification reflected no further price deterioration in any line and an increase of 1% in auto, professional liability, and EPI from plus 1% to plus 2%.

By account size, large accounts ($250,001 to $1,000,000 premium) increased from flat to plus 1% while all other account sizes remained the same as in January 2015.

When measuring by industry classification, contacting, habitational, public entity, and transportation all increased by 1% in February 2015 as compared to January 2015.

Is this an aberration?

Insurers are not going to cut deep and long in this cycle

"February is normally a low volume premium month so we would caution about putting too much credibility in these metrics; however, historically once the insurance market starts softening it normally accelerates rather than moderates or turns around," said MarketScout CEO Richard Kerr in a statement announcing the findings. 

"We speculate insurers are not going to cut deep and long in this cycle. Big data, modeling software and improved underwriting acumen are resulting in insurers simply being too smart to fall for extended and deep price cuts."

Here are the composite raw numbers from MarketScout: