Commercial property insurance rates rose an average of 5.54% in Q2 2021, according to IVANS, which is a division of Applied Systems. The second-quarter results of 2021 showed premium renewal rate change for all major commercial lines of business increased year over year, except workers' comp. (Illustration: Adobe Stock)
On average, P&C insurance-industry renewal rates are experiencing a sustained upward trend, according to the Q2 2021 IVANS Index™ released July 21st by IVANS Insurance Solutions.
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