Tag Archives: composite rate

Check AML crypto online: USDT AML check BTC, ETH and 65+ coins. Receiving funds of illegal origin could lead the risk of having your funds frozen. The USDT is being tested for scams, mixers, darknet market, ransom, gambling and other crimes.

October Commercial Composite Rate Minus 2%

Posted on by

For the first time this year, the composite rate—which includes all lines of commercial insurance—has decreased compared to the previous month. Octoberbarometer rates were down 2% compared to down 1% in June, July, August and September, according to MarketScout.

“Insureds and brokers should carefully examine the rates for coverage and/or industry classifications that are germane to their placements,” Richard Kerr, CEO of MarketScout, said in a statement.

By coverage classification, two large placement segments, commercial property and general liability, were down 2% in October compared to flat in September. Business owners’ policies were down 1% compared to flat in September, while commercial auto rates moderated from up 3% to up 2%. Among other lines, fiduciary, D&O, business interruption and surety were flat.
coverage-class

By account size, medium accounts ($25,001 to $250,000 premium) adjusted from down 1% in September to down 2% in October.
account-size

The industry classification for contractors and service companies was down 2% in October compared to down 1% in September. Energy adjusted to down 1% in October compared to flat in September, MarketScout reported.
industry-class