Commercial insurance rates in the US rise in Q4 2019

Insurance Business Magazine | January 07, 2020

Commercial insurance rates in the US rise in Q4 2019
The fourth quarter of 2019 saw rates for commercial insurance placements in the US increase 5%, a new report has found. According to MarketScout, the increase marks a steady trend of upward movement, reflecting insurance companies’ plans to continue raising prices for all lines of coverage – save for workers’ compensation. In an earlier report for Q3 2019, Marsh found that global commercial insurance pricing was up 8%. “Auto rate increases have been up all year long; however, D&O and professional rate increases have spiked significantly in the fourth quarter,” noted MarketScout CEO Richard Kerr. A summary of Q4 2019’s rate changes, as reported by MarketScout, is as follows:

Spotlight

In this video series, we will be talking about some important tenets of Financial Planning. Today’s video addresses risk-covers also known as insurance. Watch till the end for a simple thumb rule on the right insurance amount for life cover.

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Spotlight

In this video series, we will be talking about some important tenets of Financial Planning. Today’s video addresses risk-covers also known as insurance. Watch till the end for a simple thumb rule on the right insurance amount for life cover.