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.

Year-over-year, all lines showed increases. Commercial property, GL and workers' comp. policies were up by 6 percent in May 2013 compared to May 2012; umbrella/excess and commercial auto were up by 5 percent; D&O, BOP and EPLI were up by 4 percent; business interruption, inland marine and professional liability were up by 3 percent and fiduciary, crime and surety were up by 2 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.