Workers' Compensation Rates Down 1% in August

Workers' compensation rates dropped 1% in August, MarketScout reported Monday. The property casualty composite index, which takes into account all lines of business in the property and casualty insurance industry, fell 1% as well, matching a rate decrease in July. Commercial property, umbrella liability and inland marine insurance rates also fell 1%, while professional liability, directors and officers liability, fiduciary, surety, general liability, business interruption and business owners' policy rates remained flat. The only lines that saw an increase were commercial auto, crime...