The U.S. commercial market continues to moderate, exhibited by the composite rate for February 2014 at plus 2% compared with plus 3% in January, according to MarketScout.
By coverage class, commercial property placements were up to plus 3% from plus 2% the prior month, and business owners policies (BOP) were up to plus 4% from plus 3% in January.
Umbrella, workers’ compensation and general liability, however, did not fare as well, all down 1% in February 2014 as compared to the prior month.
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