US commercial rates increase 4% in Q3: MarketScout

Source: Business Insurance

Claire Wilkinson October 07, 2019 U.S. commercial property/casualty insurance rates rose 4% on average in the third quarter of 2019, up from 3% in the second quarter, online insurance exchange MarketScout Corp. said Monday. By industry class, habitational and transportation businesses saw the highest average rate increases at 6% and 7.5%, respectively, MarketScout Corp. said.