US P&C rate rises plateau in June: MarketScout
US commercial insurance rate rises were steady in June at up 4 percent on the prior-year period, according to insurance exchange MarketScout.
After accelerating in May from the 3 percent year-on-year increase recorded in April, rate rises in some lines plateaued or even eased off last month.
For example, workers' compensation, which along with commercial property has been a leading driver of rate hardening in recent months, saw rate rises moderate from 5 percent in May, to 4 percent in...
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