It's not a huge boost, but it's a start.
Dallas-based insurance distribution and underwriting company MarketScout recorded small rate increases in the majority of coverage and industry classifications. Notably, for the first time in 20 months, the composite rate index for commercial accounts in the U.S. measured a rate increase of plus 1 percent.
MarketScout CEO Richard Kerr summarized the plus 1 percent composite rate index as being driven by larger rate increases in commercial auto, transportation, professional and D&O rates.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
