Filed Under:Markets, Commercial Lines

MarketScout: Rates Up 5 Percent in December; Caps Off Year of Slow, Steady Increases

Commercial-insurance rates climbed by 5 percent in December 2012 compared to December 2011, according to MarketScout’s latest figures, capping off a year marked by slow and steady rate increases, rather than the dramatic spike seen in the hard market of 2001-2005.

But while 2012 didn’t see increases typically associated with a hard market, it was the first year of consistent rate increases after over seven years of soft-market pricing. 

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