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Renewal prices for all lines but compare in October: Ivans



All commercial insurance industries saw renewal rates rise in October except for work injury compensation, according to a report Tuesday from Ivan Insurance Services, a division of Tampa, Florida-based Applied Systems Inc.

Commercial Real Estate Taxes, General Liability, umbrella, commercial cars and business owners 'policies increased while the rate of renewal for workers' compensation fell compared to September 2021. Ivans said in his report.

Renewal rates for commercial real estate rose by 5.93% in October, up from 5.89% in September. [19659002] Renewal rates for business owners increased by 5.24% in October, up from 5.18% in September

Umbrella renewal rates increased by 5.02% in October, up from 4.95% in September.

The nutritional ratio for commercial cars 4% rose in October 4, a decrease from 4.70% in September.

The renewal rate for general liability increased by 4.1

8% in October, a decrease from 4.25% in September.

The rate of renewal of employment benefits fell by 1.57% in September, and decreased by 0.82% in September.

Kathy Hrach, Vice President of Product Management at Ivans, said prices are in line with macroeconomic inflation trends and expect the index figures in further reflects broader economic trends as markets enter this year's renewal season.

Ivans tracks more than 120 million data transactions and includes more than 32,000 agencies and 400 insurance companies and chief agents in its monthly analysis.


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