Report: Personal lines saw another rate hike last month

02/6/2013 | PropertyCasualty360

Prices rose 4% year-over-year in January for personal-lines insurance, MarketScout says. "Admitted personal-lines insurers continue to take slight rate increases across the board," MarketScout CEO Richard Kerr said, adding that rate increases are steeper for excess and surplus lines. "For those accounts which must secure terms from the non-admitted market, rate increases are as much as 10% in many instances," Kerr said.

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