NU Online News Service, June 6, 10:19 a.m. EDT

MarketScout says the composite rate for commercial insurance placed in the U.S. in May was up 4 percent compared to the same month a year ago.

In his comments on the month's rate activity, Richard Kerr, chief executive officer of MarketScout, predicts additional increases in pricing for jumbo accounts (more than $1 million) as insurers self-cure themselves from what he calls the “Show Pony Syndrome.”

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