Commercial rates for all P&C lines continued in a holdingpattern in May, while personal insurance rates held steady at plus1%, matching the rate increase reflected in April 2015.

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The United States commercial insurance marketplace rates areholding steady and the majority of commercial accounts are securingrenewal terms as expiring. Therefore, premiums held steadyunless the exposure base changed.

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[Related: Composite P&C rates down 1%, personal rates up2% in March 2015]

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A lot of business renewed in May 2015, according toMarketScout. The only notable exception in flat rates was intransportation, where the auto portion of these accounts is drivingan average 2% increase.

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Business Owners Policies (BOP) were up from flat to plus 1% inMay as compared to April 2015. EPLI coverage was down from plus 1%to flat, or 0% increase.Contracting was the only industryclassification to change from April to May 2015. Contracting was up1%.

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Here are the May 2015 composite raw numbers fromMarketScout:

By Coverage Class

Commercial Property

Up 1%

Business Interruption

Flat

BOP

Up 1%

Inland Marine

Flat

General Liability

Flat

Umbrella/Excess

Flat

Commercial Auto

Up 2%

Workers’ Compensation

Flat

Professional Liability

Flat

D&O Liability

Flat

EPLI

Flat

Fiduciary

Flat

Crime

Flat

Surety

Flat

By Account Size

Small Accounts

Up 1%

Up to $25,000

Medium Accounts

Up 1%

$25,001 – $250,000

Large Accounts

Flat

$250,001 – $1 million

Jumbo Accounts

Down 2%

Over $1 million

By Industry Class

Manufacturing

Flat

Contracting

Up 1%

Service

Flat

Habitational

Up 1%

Public Entity

Flat

Transportation

Up 1%

Energy

Flat

Keep reading to learn more about the rates in the U.S. personallines market.

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Personal insurance rates up 1% in May

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The U.S. composite rate for May 2015 held steady at plus 1%,matching the rate increase reflected in April 2015.

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The only change in rate was for homeowners with Coverage Avalues under $1,000,000.

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"The reduction in pricing for homes under $1,000,000 is notsurprising," according to Richard Kerr, CEO of MarketScout. "Thisis a much sought after market with literally dozens of insurerstrying to gain market share," noted Kerr.

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Below is a summary of the May 2015 personal linesrates.

Personal Lines

Homeowners under $1,000,000 value

Flat

Homeowners over $1,000,000 value

Up 1%

Automobile

Up 2%

Personal Articles

Flat

U.S. personal insurance rate for May 2015

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].