Property and casualty insurance rates increased by 5 percent last month

Property insurance News commercial P&C insurance

According to MarketScout data, the prices rose in April for policyholders of commercial products. According to a report from MarketScout, the rates for commercial property and casualty insurance rose by an average of 5 percent in April 2013, when compared to the rates that were being charged a year before. It was workers compensation and commercial property that saw the largest increases over a year. The commercial property and casualty insurance and workers compensation saw a combined average rate increase of 6 percent. Surety and employment liability coverage each increased…

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Study shows North American property and casualty insurance rates continue to rise

homeowners insurance

A study performed by the global insurance broker, Willis Group Holdings, has reported that there have continued to be gradual increases to property and casualty insurance rates as a result of the many catastrophes that have already occurred this year. The broker’s 2012 Marketplace Realities report spring update was just released and it will provide guidance for thousands of consumers who are looking to buy or renew their coverage in North America. It will also be an important focus in Philadelphia for the Risk & Insurance Management Society’s Annual Conference…

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