The latest Ivans Index premium rate renewal data for August show mixed results across the property and casualty insurance industry.
The research indicates that premium renewal rates were down in commercial auto (3.17%, versus 3.28% at the end of June), general liability (1.68%, down from 1.85% at the end of June), and workers' compensation (-0.83%, down from -1.41% the month prior).
On the other hand, premium renewal rates in August were up for business owners policy lines (3.85%, up from 3.65% the month prior), commercial property (2.59%, up from 2.45% the month prior), and umbrella policies (1.56%, up from 1.40% at the end of June).
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