Could you see your commercial insurance premium rates drop this year? The Insurance Information Institute looks into the trends and taps industry experts to comment on where the industry is headed:
Where are U.S. commercial insurance rates headed in the coming year?
Latest analysis from online insurance exchange MarketScout gives some insight.
This from Richard Kerr, CEO MarketScout:
“We expect more moderate rate reductions for the coming year for all but a few lines of business. If interest rates increase, rate reductions could accelerate.”
December closed out the year at a composite rate reduction of 1 percent, according to ...