Workers' compensation and commercial auto risks saw the steepest rate increases in January at +4% compared to the same month in 2013—but the commercial-lines market overall continued its moderating trend, according to MarketScout.
MarketScout officially listed January's composite rate at +3%, the same as December—but CEO Richard Kerr notes, “If we were to post rate changes by fractional increments, you would see the actual increase at 2.55%, so the moderation trend continues.”
For January, Kerr says, rates for five coverage classes declined 1% as compared to one year ago. No coverage classifications saw rate increases. By account size, half the accounts measured enjoyed premium reductions of 1%.
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
Already have an account? Sign In Now
© 2025 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.
