MarketScout: WC Rates One of few that Are Rising

Despite stagnating property and casualty rates in general, workers’ compensation rates increased by 1% nationally, according to MarketScout’s Commercial and Personal Lines Market Barometer.  By coverage class, the majority of lines remained flat. Only business interruption decreased by 1%, while commercial auto increased by 2%.  The static rates are seen as a sign that insurance companies aren’t competing in price wars, according to MarketScout Chief Executive Officer Richard Kerr. “The absence of rate movement could be yet another signal that insurers simp...