Workers’ compensation renewal rates fell 2.24% in October, according to insurance industry exchange Ivans.
Last month’s decrease follows a 1.31% drop in workers’ comp renewal rates in September, Ivans said.
Renewal rates for other commercial lines increased in October. Commercial auto was up 3.1%, commercial property increased 2.83% and general liability renewal rates rose 1.79%.
The Ivans Index is released monthly. The report for October is available here.
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