Average rate increases for commercial and personal insurance lines continued their upward push through August rising an additional point over the prior month, says MarketScout.
The Dallas-based electronic exchange's property and casualty commercial insurance market barometer puts the composite rate for U.S.-based commercial risks up 5 percent for August. Rates stood up 4 percent for the months of May, June and July of this year.
Commercial property rates in the United States were up 7 percent in August—an acceleration from a 6 percent increase seen in July.
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