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Commercial insurance rates continue to rise



Commercial insurance levels continued to rise on most lines in July, although in some cases the rate increased slightly from the previous month, according to the insurance exchange Ivans Insurance Services & # 39; monthly price index released on Wednesday.

saw the largest interest rate increases last month with 5.4%, with exchange rates rising at a slightly faster rate than the 5.2% increase in June.

Interest rate hikes also accelerated for commercial cars, up 5.1% in July compared to 4.6% in June, and general debt where interest rates increased by 3.5% compared to 3.4% the previous month.

Umbrella rates rose 3.2% in July, which was slower than 3.6% in June, and entrepreneurs' policy rates rose 4.4% compared with 4.6% the previous month.

Employee benefits remained the only main activity where prices fell, a decrease of 2.7% in July compared to a decrease of 2.5% in June.

The data "continues to show a hardening mark," said Brian Wood, vice president of the computer product group at Ivans.


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