The Council of Insurance Agents & Brokers (CIAB) released its third-quarter Commercial P&C Market Index Survey last week. The report showed a continued, though moderate, decline in commercial Property and Casualty rates across all account sizes and most lines.
This was consistent with the general trend of gradually declining rates observed since the first quarter of 2013, the Washington, D.C.-based council said.
Rates decreased across all lines by an average of 3.1%, with the largest decreases in large accounts at 4.1%, followed by medium-size accounts at 3.8%, and small accounts at 1.4%. This trend was consistent across most lines of business as well, with a few exceptions, including Commercial, Auto and Flood.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.
