"The end of 2018 experienced the greatest change in premium renewal rates from the year prior for nearly all major commercial lines products," Brian Wood, vice president of Data Products Group, IVANS Insurance, said in a press release. (Photo: Shutterstock)
The fourth quarter of 2018 saw an increase in premium renewal rate change average across nearly all major commercial lines compared to the third quarter of 2018, according to IVANS, a division of Applied Systems.
The fourth quarter and year-end 2018 IVANS Index, however, revealed workers' compensation average premium rate renewal change dropped and remained in negative territory, which was consistent with the 2018 annual results.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
