Reports cite gains for P/C commercial insurance rates

02/5/2013 | PropertyCasualty360

Rates increased 5% in January for property/casualty commercial insurance lines, MarketScout says, and a survey by the Council of Insurance Agents & Brokers found that rates in the fourth quarter also were up 5%, higher than the increases recorded in the first three quarters of 2012. "I think you can characterize the fourth quarter as more of the same. Carriers were still cautious about the risks they were putting on their books and pushed for price increases where they could get them," CIAB chief executive Ken Crerar said in a statement.

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