US insurance rate increases accelerate slightly in second quarter: MarketScout

US commercial insurance rates increased 4.4% in the second quarter of this year, compared with 3.9% in Q1, according to MarketScout.

Commercial auto coverage again increased the most, rising 8% compared with a 6.7% jump in the first quarter.

Commercial property rates rose 7% in the second quarter, compared with 6.3% in the first. General liability and umbrella/excess rates were both up 4.7%, compared with 3.3% and 6.3%, respectively.

Professional liability rates increased 3.7%, the same as the prior quarter, and directors & officers liability rates were up 3.3%, compared with 2.7%.

Workers compensation rates were again flat.

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