"The composite national personal lines market continues to steadily adjust rates as necessary without year-over-year massive rate increases," Richard Kerr, CEO of MarketScout, said in a release. "However, for CAT exposed properties, rate increases can be dramatic; as much as 25%-40% in areas such as the wildfire corridors of California or southern portions of Florida." (Credit: Worawut/Adobe Stock)
During the final quarter of 2021, personal property & casualty lines saw rates increase an overall 4.25%, according to MarketScout, which reported the commercial line composite rate showed moderation during the fourth quarter with a 5.8% increase compared with 6.8% growth the prior quarter.
"The composite national personal lines market continues to steadily adjust rates as necessary without year-over-year massive rate increases," Richard Kerr, CEO of MarketScout, said in a release. "However, for CAT exposed properties, rate increases can be dramatic; as much as 25%-40% in areas such as the wildfire corridors of California or southern portions of Florida."
Source: MarketScout 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
© 2025 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.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
