Premium renewal rate increases accelerated in several lines of coverage in November, but slowed in commercial property, according to a report Thursday from Ivans Insurance Services, a unit of Applied Systems Inc.
Commercial property rose 10.98%, down from 11.24% in October.
In other lines, commercial auto rose 9.86%, compared with 9.62%; business owners policy rates increased 8.95%, compared with 8.72%; umbrella was up 8.71%, compared with 8.49%; and general liability was up 3.89%, unchanged from October.
Workers compensation rates fell 1.52%, compared with a 1.43% decrease in October.
