Rates for many commercial lines of insurance were up in the third quarter, according to the latest MarketScout Barometer survey, but workers’ comp rates continued a downward trajectory, with a 3% decrease.
At the other end of the spectrum, commercial auto rates were up 6% in the third quarter, according to MarketScout, a Dallas-based insurance distribution and underwriting company.
Commercial property rates increased 3%, while rates for business owner policies, umbrella/excess and professional liability were up 2%.
Richard Kerr, MarketScout chief executive officer, said ...
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