The latest surveys of rate changes for the group medical and the property and casualty insurance markets reveal a tale of two very different markets–with medical rates continuing to climb and p&c prices still falling.

While rates for renewing group medical benefit accounts continued to increase in the U.S. market between June and October, brokers reported that clients were not planning to cut coverage altogether, according to a November survey of insurance brokers published by the Council of Insurance Agents & Brokers.

Separately, Dallas-based MarketScout reported that rates for U.S. property and casualty commercial insurance policies were down an average of 5 percent during November, a slight decrease from the last several months, which saw declines of 4 percent.

Recommended For You

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
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.