MarketScout: Comp Rates Down 3% in February

Workers’ compensation rates were down 3% in February, while property and casualty rates overall fell 4%, according to a MarketScout survey. The average P&C rate decrease was greatest for medium and large accounts, at 5%, while rates for small and jumbo accounts fell by 4%. When broken down by industry class, P&C rates fell in February by 5% for manufacturing, 4% for transportation, and 3% for contracting, service, energy and public entity. MarketScout, an insurance distribution and underwriting company headquartered in Dallas, compiles the Commercial and Personal Lines Ma...