CIAB Reports 15th-Straight Quarter of Work Comp Rate Decreases

Workers’ compensation premium pricing fell 2.6% in the third quarter, marking the 15th quarter in a row of work comp rate decreases, according to a report from the Council of Insurance Agents and Brokers. The 2.6% decrease for workers’ comp was the only decrease in premium pricing observed across insurance lines monitored in CIAB’s quarterly Commercial Property/Casualty Market Index Survey. Commercial auto rates were up 7% in the third quarter; commercial property rates increased 2.9%; and general liability and umbrella rates rose 0.8% and 1.4%, respectively. Responde...