In October, the composite rates for commercial lines was plus 4 percent, compared to plus 5 percent in September, and for personal lines was plus 3 percent, compared to plus 4 percent last month.
Among commercial line segments, the largest downward adjustment was in general liability coverage, which was down from plus 6 percent to plus 3 percent. Small accounts and commercial property rates decreased from plus 6 percent to plus 4 percent. Business owners’ policies (BOP) rates decreased from plus 5 percent to plus 3 percent.
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