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MarketScout: U.S. personal lines rates increase in CAT-prone areas

Rates in some catastrophe areas are up as much as 50%.

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"Rates for homes are up in all locations; however, Florida and California are getting hit the hardest," Richard Kerr, CEO of MarketScout, said in a statement. (Credit: studioarz/Shutterstock) “Rates for homes are up in all locations; however, Florida and California are getting hit the hardest,” Richard Kerr, CEO of MarketScout, said in a statement. (Credit: studioarz/Shutterstock)

The composite rate for U.S. personal lines was up 3.5% in the second quarter of 2019, an increase of 2% in the first quarter, according to MarketScout. Rates in some catastrophe areas are up as much as 50%.

Denny Jacob

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.

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