MarketScout recently reported that commercial property & casualty insurance rates rose an average of 4% in November. Among lines of coverage tracked, commercial auto experienced the largest increase at 5%. Commercial property, general liability and workers’ compensation registered increases of 4%, while crime and surety coverages posted the smallest increases at 1% each.
Manufacturing, contracting and service accounts experienced the greatest increase at 5% each, while public entities had the smallest increase at 3%:
Commercial property/casualty rates rose 4% in November: MarketScout | Business Insurance.
