Commercial real estate interest rates increased by 9.6% during the second quarter, as other lines saw single- or double-digit interest rates, according to the insurance exchange MarketScout Corp. %, and board members' levels of responsibility rose 11%, MarketScout said Thursday in its quarterly update.
Commercial car coverage increased by 9%, while business interruptions and liability insurance increased by 7%. General liability levels increased by 6.3% and occupational liability levels by 4.3%
Inland marine coverage increased by 4.2%, and business owners' policy rates rose by 4%.
Among the smallest increases, crime increased by 3%; Management coverage increased by 2%, security by 1
By account size, large accounts of $ 250,001 to $ 1 million were seen the largest increase by 8.3%, followed by jumbo accounts over $ 1 million of [66%
Energy and contracting each increased by 6.3% , manufacturing and public sector by 5.6% and service by 4.3%.