Our monthly look at the U.S. Commercial Lines Rate trends courtesy of MarketScout
As in the US Personal Lines Market, Commercial property and casualty rates in the US were largely unchanged in February as compared to January 2016. As a result, the composite rate continued at minus 4 percent.
In commenting on this trend, Richard Kerr, CEO of MarketScout, noted, “There was little movement in rates in most sectors. The only notable change was in manufacturing, which decreased from minus 2 percent in January 2016, to minus 5 percent in February 2016. Traditionally, February has always been a slow insurance month, so the lack of activity in rates is not surprising.”
A summary of the February 2016 rates by coverage, industry class and account size is set forth below.
February 2016 rates by Coverage Class
| By Coverage Class | January | February |
| Commercial Property | Down 5% | Down 5% |
| Business Interruption | Down 2% | Down 3% |
| BOP | Down 1% | Down 1% |
| Inland Marine | Down 1% | Down 3% |
| General Liability | Down 2% | Down 2% |
| Umbrella/Excess | Down 3% | Down 3% |
| Commercial Auto | Flat | Down 1% |
| Workers’ Compensation | Down 3% | Down 3% |
| Professional Liability | Down 4% | Down 4% |
| D&O Liability | Down 2% | Down 2% |
| EPLI | Flat | Flat |
| Fiduciary | Down 2% | Down 2% |
| Crime | Flat | Flat |
| Surety | Down 1% | Down 1% |
The February numbers by Account Size
| By Account Size | January | February |
| Small Accounts (Up to $25,000) | Down 1% | Down 4% |
| Medium Accounts ($25,001 – $250,000) | Down 2% | Down 5% |
| Large Accounts ($250,001 – $1 million) | Down 1% | Down 5% |
| Jumbo Accounts (Over $1 million) | Down 2% | Down 4% |
The February Numbers by Industry Class
| By Industry Class | January | February |
| Manufacturing | Down 2% | Down 5% |
| Contracting | Down 3% | Down 3% |
| Service | Down 3% | Down 3% |
| Habitational | Down 5% | Down 6% |
| Public Entity | Down 3% | Down 3% |
| Transportation | Down 4% | Down 4% |
| Energy | Down 3% | Down 3% |
