US commercial insurance rates continue to rise

Commercial insurance rates continue to increase in the US, with the exception of workers’ compensation and surety, according to MarketScout. The composite rate in the third quarter of 2018 was up 2.5%, following a similar rate increase of the second quarter. Small and medium-sized businesses saw the biggest increases. Richard Kerr, CEO of MarketScout, said: “Rates continue to move slowly…

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