Commercial-lines rates were up 3% in March, a slight increase from the 2% increase in February, as insurers made adjustments to meet profit targets, according to MarketScout.

The 3% figure matches the increase seen in January.

Richard Kerr, MarketScout CEO, says in a statement, “Insurers target a specific return-on-equity. Despite improving margins, insurers are still not meeting their profit targets, thus the continued marginal increases.”

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