"Similar to late 2018, premium renewal rates experienced a continued increased compared to the year prior, with the exception of general liability and workers' compensation which experienced downward trends," Brian Wood, vice president of Data Products Group, IVANS Insurance, said in a press release. (Photo: Shutterstock)

The first quarter results for 2019 show an increase in premium renewal rate change across commercial auto, business owners policies (BOP), umbrella and commercial property insurance compared to the fourth quarter of 2018, according to results released this week by IVANS, a division of Applied Systems.

However, general liability renewal rate change experienced a decrease, and workers' compensation average premium renewal rate change dropped and remained in negative territory, consistent with the year-end 2018 results. Notably, commercial auto, business owners and umbrella policies all experienced higher average premium renewal rate change from the previous quarter.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.