Commercial property/casualty insurance rates in the U.
S. were flat over the past four months, but increased to plus 1% in July, MarketScout said today.
“The property market often tightens a bit on the cusp of wind season but, we also noted slight increases on other lines of coverage as well,” Richard Kerr, CEO of MarketScout said in a statement.
By coverage class, general liability, umbrella, and professional liability all increased from flat in June 2015 to plus 1% for July 2015. Business interruption went up from minus 1% to plus 1%. Property coverage pricing was up from plus 1% to plus 2%.
Pricing for all other coverages remained the same.
By industry class, contracting, transportation and energy all went up an additional 1% compared to last month.
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Habitational and public entity were down 1% compared to the previous month.
By coverage, account size and industry class: