Report: Commercial P/C rates rose 5% year-over-year in December

01/7/2013 | PropertyCasualty360

Rates for property/casualty commercial lines insurance increased 5% in December over the same month in 2011, according to MarketScout. "This market turn is not like the last hard market of 2001 to 2005, when rates spiked up as much as 30 percent in the early stages," MarketScout CEO Richard Kerr said in a statement. "For the 2012 market turn, rates have adjusted slowly and steadily without any dramatic spikes," meaning that rate increases may occur "at a more sensible pace and for a longer period of time."

View Full Article in:

PropertyCasualty360

Published in Brief: