Rates in both commercial- and personal-lines insurance continued to increase through November, according to electronic exchange MarketScout. Rates for commercial-lines accounts increased an average of 5 percent in November compared to the same period last year, and personal lines increased 4 percent, the Dallas-based company says. (In October, commercial-lines accounts were up 4 percent compared to the same period last year, and personal lines were up 3 percent.)

By coverage class for commercial lines, Commercial Property, General Liability, Umbrella/Excess, Commercial Auto and Workers' Compensation increased the most at 5 percent each. Surety was up the least at 1 percent. No lines showed a rate decrease.

In terms of account size, small, medium and large accounts were all up by 5 percent, while jumbo accounts (those with more than $1 million in premium) were up 2 percent.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 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.