In November 2012, the overall composite rate for insuring commercial accounts in the United States was up 5 percent as compared to November 2011, according to MarketScout’s Commercial and Personal Lines Market Barometers.

By coverage classification, property, excess liability, general liability and workers' compensation rates increased the most at plus-5 percent. By account size, all accounts under $1,000,000 premium were up 5 percent as compared to November 2011. Jumbo accounts over $1,000,000 premium were down from plus-2 percent in October to plus-3 percent in November. By industry class, manufacturing had the most significant month-on-month rate increase at plus-6 percent as compared to plus-4 percent the prior month. Transportation accounts were also up 6 percent.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access