According to MarketScout, the overall composite rate for insuring commercial accounts in the United States increased 5% in November compared to November of last year.
By coverage classification, property, excess liability, general liability and workers’ compensation rates increased the most, at over 5%. The most substantial month-on-month rate increase at plus 6 percent as compared to plus 4 percent the prior month goes to Manufacturing. Transportation also showed a 6 percent increase. The trucking segment of this industry class appears to be causing the rate increases at plus 6 percent.
A summary of the November 2012 rates by coverage and industry class is listed below.
| By Coverage Class | |
| Commercial Property | Up 5% |
| Business Interruption | Up 3% |
| BOP | Up 4% |
| Inland Marine | Up 3% |
| General Liability | Up 5% |
| Umbrella/Excess | Up 5% |
| Commercial Auto | Up 5% |
| Workers’ Compensation | Up 5% |
| Professional Liability | Up 4% |
| D&O Liability | Up 4% |
| EPLI | Up 4% |
| Fiduciary | Up 2% |
| Crime | Up 2% |
| Surety | Up 1% |
| By Industry Class | |
| Manufacturing | Up 6% |
| Contracting | Up 5% |
| Service | Up 5% |
| Habitational | Up 5% |
| Public Entity | Up 4% |
| Transportation | Up 6% |
| Energy | Up 5% |
MarketScout is an insurance exchange based in Dallas, Texas. Their users are primarily independent retail agents. Since 2000, MarketScout has tracked agent interest, buying habits and activity.
