Via Business Insurance:
- D&O rates down 8.7%
- GL rates down 6.7%
- Commercial property rates down 6.1%
- Workers comp rates down 5.3%.
But auto liability rates fell only 0.1%. Woohoo!
Reasons: the usual suspects – too much surplus chasing too few accounts, steady profits, stable tort environment.
Still waiting for the CFOs to tap the CUOs on the shoulder, then whisper how bond rates are too low for cash flow underwriting.
The actual report can be downloaded here.