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US commercial insurance composite rates up 3% in Q1: MarketScout

Summary by ReinsuranceNe.ws
Commercial insurance rates across the US continued to rise in the first quarter of 2025, with the composite rate increasing to 3%, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae Risk Group, observed, “Umbrella and excess liability, along with automobile coverages, saw the most significant rate hikes this quarter—both increasing by 6.7%.” Transportation companies faced the highest increases among industry sectors, wit…
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ReinsuranceNe.wsReinsuranceNe.ws

US commercial insurance composite rates up 3% in Q1: MarketScout

Commercial insurance rates across the US continued to rise in the first quarter of 2025, with the composite rate increasing to 3%, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae Risk Group, observed, “Umbrella and excess liability, along with automobile coverages, saw the most significant rate hikes this quarter—both increasing by 6.7%.” Transportation companies faced the highest increases among industry sectors, wit…

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ReinsuranceNe.ws broke the news in on Friday, April 4, 2025.
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