MarketScout survey points to higher rates

Via Business Insurance: Rates overall are flat, which is interpreted as a sign of a hard market. A leap of logic, maybe . . .

The Dallas-based electronic insurance exchange found that workers compensation rates rose 2% while commercial property rate rose 1%. Professional liability, directors and officers liability, fiduciary and crime pricing was flat. But general liability and umbrella/excess coverage continued to soften, falling 2%, while commercial automobile dropped 1%.

 

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