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Commercial insurance prices rose by almost 9% during the third quarter



Average premiums for commercial real estate / accidents rose by 8.9% in the third quarter, a slightly higher cut than in the second quarter, according to the latest price survey from the Council of Insurance Agents & Brokers.

Prices increased on all lines. , except for occupational injury compensation, where prices, after more than a year of small increases, fell by 0.3%.

The highest increase was for cyber liability insurance, where prices rose by 27.6%, the report said.

broad lines. , umbrella prices rose by 16.9% during the quarter, interest rates on liability insurance for board members and salaried employees increased by 13.6%, interest rates on property insurance rose by 1

0.3%, prices for commercial cars rose by 7.4% and general liability rates rose

Large accounts saw the largest increases by 10.4%, while prices for medium-sized accounts rose by 10.1% and prices for small accounts rose by 6.2%, the council said. were low more than increases in the third quarter of 2020, when interest rates rose by 11.7%, according to the Council.


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