The composite rate for P&C insurance placements in the United States for March was flat, demonstrating a 0 percent increase compared to the same period last year, according to MarketScout, an MGA and wholesale broker. The composite rate for personal products was up 2 percent in Q1 2015; the March rates matched January and February, each holding steady at plus 2 percent.
By coverage classification, general liability and umbrella/excess liability declined to 0 percent in March, from up 1 percent in February. Commercial auto, professional liability and employment practices liability insurance (EPLI) also declined 1 percent in February as compared to March. No coverages reflected a rate decrease.
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