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Commercial Lines Rate Increases Hold Steady at 5% in May; Personal Lines Up to 4%

Commercial P&C rates increased 5 percent year-over-year in May for the third consecutive month, with property, general liability and workers compensation showing the steepest hikes. Personal lines rate increases accelerated to 4 percent with both homeowners and auto policyholders paying more.

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Commercial P&C rates increased 5 percent year-over-year in May for the third consecutive month, with property, general liability and workers’ compensation showing the steepest hikes, according to MarketScout.

Dallas-based MarketScout says that directors and officers, general liability and EPLI policies were more expensive compared to April, while business owners policies, crime and fiduciary were less expensive. 

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