1Q Commercial Insurance Rates Up 2%

Richard Kerr, CEO of MarketScout, outlined the first quarter rating environment by noting, “Transportation risks were up 4 percent. Auto continues to be assessed the most aggressive rate increase by line of coverage at plus 7 percent. Also, energy exposures are now starting to see more rate increases. Otherwise, the commercial market is stable.”

The National Alliance for Insurance Education and Research conducted pricing surveys used in MarketScout's analysis of market conditions. These surveys help to further corroborate MarketScout's actual findings, mathematically driven by new and renewal placements across the United States.

A summary of the first quarter 2019 rates by coverage, industry class and account size is set forth below.