The composite rate for U.S. business insurance held steady at minus 1% in September, according to a MarketScout survey, in what chief executive officer Richard Kerr called “a standoff.”
"Insurers are determined to force rate increases, while insureds are pitting agents and brokers against each other so they will squeeze their assigned insurers for the best pricing,” Kerr said in a news release. “This forced competition helps buyers get the best deal the market has to offer.”
Workers’ compensation rates fell 1% in September as compared to the ...
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