The composite rate index for personal lines insurance in the United States in February measured plus 3 percent as compared to the same time period one year earlier according to MarketScout analysis of The National Alliance for Insurance Education and Research pricing surveys.

“The personal lines market adjusted in February with insurers offering slightly more competitive premiums,” says MarketScout CEO, Richard Kerr. “This isn’t unusual since we are out of the catastrophe season for most parts of the United States, except for winter storms of course.”

Personal lines rates broken down:

Homeowners under $1,000,000 value +3%

Homeowners over $1,000,000 value +4%

Automobile +3%

Personal Articles +3%

The commercial insurance rate index for the United States was up 4 percent as compared to a year earlier.

Commercial lines rates broken down:

By Coverage Class

Commercial Property +6%

Business Interruption +3%

BOP +4%

Inland Marine +3%

General Liability +4%

Umbrella/Excess +5%

Commercial Auto +5%

Workers’ Compensation +4%

Professional Liability +4%

D&O Liability +4%

EPLI +3%

Fiduciary +2%

Crime +2%

Surety +1%

By Account Size

Small Accounts (up to $25,000

) +6%

Medium Accounts ($25,001 – $250,000

) +5%

Large Accounts ($250,001 – $1 million

) +3%

Jumbo Accounts (more than $1 million) +2%

By Industry Class

Manufacturing +6%

Contracting +5%

Service +6%

Habitational +6%

Public Entity +2%

Transportation +4%

Energy +3%

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