According to the MarketScout insurance exchange, the composite rate for U.S. commercial insurance was plus 1% in October 2014.
That's more or less in line with September, MarketScout found, with the exception of automobile and professional liability coverages, which were both up 1% from the prior month. On the flipside, property and workers comp rates both fell 1% in October.
Broken down by industry, contracting, service, and transportation were all down an additional 1% in October from the month prior, and (almost) all the other industries MarketScout tracks remained unchanged. Manufacturing and energy risks were the lone exceptions, both rising from plus 1% to plus 2%.
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