{"id":3568,"date":"2015-06-11T06:16:16","date_gmt":"2015-06-11T01:16:16","guid":{"rendered":"http:\/\/gator4211.hostgator.com\/~cinnww\/insurance-advocate.com\/?p=3568"},"modified":"2018-12-12T18:55:28","modified_gmt":"2018-12-12T13:55:28","slug":"commercial-lines-flat-in-may-auto-climbs-2","status":"publish","type":"post","link":"https:\/\/www.insurance-advocate.com\/2015\/06\/11\/commercial-lines-flat-in-may-auto-climbs-2\/","title":{"rendered":"Commercial Lines Flat in May; Auto Climbs 2%"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Commercial auto led the way for commercial-lines rate increases in May \u2014 a month where rates overall were flat year-over-year, according to MarketScout\u2019s latest Market Barometer.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cA lot of business renewed in May 2015,<\/span><span class=\"s1\">\u201d\u00a0<\/span><span class=\"s1\">says Richard Kerr, CEO of MarketScout, in a statement. \u201cOverall, rates largely continue in a holding pattern. It seems both insureds and insurers are content to move forward with little to no changes.\u201d <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He adds, \u201cThe only notable exception is transportation where the auto portion of these accounts is driving an average 2% increase.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In general, notes MarketScout, rates are holding steady unless a risk\u2019s exposure base has changed.<\/span><\/p>\n<figure id=\"attachment_3572\" aria-describedby=\"caption-attachment-3572\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.insurance-advocate.com\/wp-content\/uploads\/2015\/06\/2015-rates.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3572\" src=\"http:\/\/www.insurance-advocate.com\/wp-content\/uploads\/2015\/06\/2015-rates.png\" alt=\"Rates increases in 2015\" width=\"540\" height=\"345\" srcset=\"https:\/\/www.insurance-advocate.com\/wp-content\/uploads\/2015\/06\/2015-rates.png 685w, https:\/\/www.insurance-advocate.com\/wp-content\/uploads\/2015\/06\/2015-rates-600x384.png 600w, https:\/\/www.insurance-advocate.com\/wp-content\/uploads\/2015\/06\/2015-rates-300x192.png 300w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/a><figcaption id=\"caption-attachment-3572\" class=\"wp-caption-text\">Commercial lines rate movement so far this year (source: MarketScout)<\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">By line, in addition to commercial auto, commercial property and business owners also showed an average year-over-year rate increase in May \u2014 both by 1%. All other commercial lines were flat.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">By account size, jumbo accounts (over $1,000,000 premium) showed a 2% rate decrease in May while small (up to $25,000) and medium accounts ($25,001-$250,000) were up 1%. Large accounts were flat.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">By industry class, contracting, habitational and transportation were up 1% in May while manufacturing, service, public entity and energy were all flat.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial auto led the way for commercial-lines rate increases in May \u2014 a month where rates overall were flat year-over-year, according to MarketScout\u2019s latest Market Barometer. \u201cA lot of business renewed in May 2015,\u201d\u00a0says Richard Kerr, CEO of MarketScout, in a statement. \u201cOverall, rates largely continue in a holding pattern. It seems both insureds and [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":3574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,308],"tags":[],"class_list":["post-3568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial","category-currentnews","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/3568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/comments?post=3568"}],"version-history":[{"count":0,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/3568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/media\/3574"}],"wp:attachment":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/media?parent=3568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/categories?post=3568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/tags?post=3568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}