You are here:HomeNews CenterInsurance News2013Market Scout: Commercial Rates Up 5% in September

Market Scout: Commercial Rates Up 5% in September

U.S. businesses buying property/casualty insurance in September saw a five percent rate increase on average, according to the latest index from MarketScout...
October 9, 2013

U.S. businesses buying property/casualty insurance in September saw a five percent rate increase on average, according to the latest index from MarketScout. MarketScout said the composite rate was up from plus 4 percent in August to plus 5 percent in September 2013.

Larger accounts continued to see smaller increases than smaller accounts. The same held true in September with small accounts (up to $25,000 premium) incurring average rate increases of 6 percent, medium accounts ($25,001 to $250,000) 5 percent, large accounts ($250,001 to $1,000,000) 3 percent and jumbo accounts (over $1,000,000) at only 2 percent.

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