Work Comp Rates Fall Again in Second Quarter, MarketScout Reports

Rates for most lines of U.S. commercial property and casualty insurance increased in the second quarter, with the exception of workers’ compensation rates, which fell 3%, according to the latest Market Barometer report from MarketScout. The 3% drop for workers’ comp rates in the second quarter follows a 2% decrease in the first quarter, according to the MarketScout survey. MarketScout is a managing general agent and wholesale broker that operates the MarketScout Exchange. Commercial auto rates jumped 6% in the second quarter, and commercial property rates were up 4%. Rates for bu...