Work Comp Rates Down 3.25% in November Ivans Index

Workers’ comp premium renewal rates were down 3.25% in November, following a 3.20% decrease in October, according to results of the Ivans index. Among other commercial lines, commercial auto rates were up 4.66% in November, a smaller increase than the 4.81% increase in October. Business owner policy rates rose 4.14%, general liability rates were up 2.65%, commercial property rates increased 3.76% and umbrella was up 2.76%. The Ivans Index measures the premium difference year-over-year for a single consistent policy. It includes data from 32,000 agencies, and 380 insurers and manag...