May found average P&C rates adjusting upward, increasing by four percent, with personal accounts adjusting upward slightly as well, according to MarketScout’s market barometers for last month.
Assessed by coverage class, commercial property and workers’ comp saw the biggest gains last month, five percent; Fiduciary, crime and surety saw the smallest at one percent. When broken down by industry class, the majority experienced four percent jumps, including manufacturing, contracting, habitational and transportation, with the rest seeing three percent growth.
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