Commercial insurance rates in the US rise in Q4 2019

Insurance Business Magazine | January 07, 2020

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:

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We live in a technology driven world, where great advancements are being made. Many of these advancements are designed to improve our way of life allowing us to live longer, work more efficiently and satisfy our immediate need for entertainment, knowledge or relevant information. Of course, as with anything else, there comes great risk.  In 2015, we've seen some of the biggest cyber threats of all time.

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We live in a technology driven world, where great advancements are being made. Many of these advancements are designed to improve our way of life allowing us to live longer, work more efficiently and satisfy our immediate need for entertainment, knowledge or relevant information. Of course, as with anything else, there comes great risk.  In 2015, we've seen some of the biggest cyber threats of all time.

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