According to the MarketScout insurance exchange, the U.S. composite rate for all property and casualty lines across all states was up 1% in February after a flat January 2015. Personal insurance rates held stable at plus 2%.
Pricing measurements by coverage classification reflected no further price deterioration in any line and an increase of 1% in auto, professional liability, and EPI from plus 1% to plus 2%.
By account size, large accounts ($250,001 to $1,000,000 premium) increased from flat to plus 1% while all other account sizes remained the same as in January 2015.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
