Some soft spots, some hard spots The composite rate index was 3 percent for the second quarter 2019, up from 2 percent in the first quarter. Workers’ compensation rates continue to reflect soft pricing at 1.5 percent less than this time last year. All other lines of coverage measured rate increases. In contrast to workers’ compensation, commercial property rates are hardening in certain geographic areas. “Property risks in California and Florida are getting hit hard with rate increases,” noted Richard Kerr, CEO of MarketScout. “We expect this trend to accelerate as we move into the wind and brush fire seasons later this year.” The National Alliance for Insurance Education and Research conducted pricing surveys used in MarketScout's analysis of market conditions. These surveys help to further corroborate MarketScout's actual findings, mathematically driven by new and renewal placements across the United States. A summary of the second quarter 2019 rates by coverage, industry class and account size is set forth below.

By Coverage Class
Commercial Property	Up 3.5%
Business Interruption	Up 3%
BOP	Up 2.5%
Inland Marine	Up 2%
General Liability	Up 3%
Umbrella/Excess	Up 2.5%
Commercial Auto	Up 6%
Workers’ Compensation	Down 1.5%
Professional Liability	Up 2.5%
D&O Liability	Up 2%
EPLI	Up 1.5%
Fiduciary	Up 2%
Crime	Up 1.5%
Surety	Up 1.5%

View Graph

By Account Size
Small Accounts	Up 3%
Up to $25,000
Medium Accounts	Up 3%
$25,001 – $250,000
Large Accounts	Up 3%
$250,001 – $1 million
Jumbo Accounts	Up 2%
Over $1 million

View Graph

By Industry Class
Manufacturing	Up 3%
Contracting	Up 3.5%
Service	Up 3%
Habitational	Up 3.5%
Public Entity	Up 1.5%
Transportation	Up 6%
Energy	Up 3.5%

View Graph   For detailed rating analysis or market projections by industry class, coverage or account size, contact Vilma Scott at vscott@marketscout.com. About MarketScout MarketScout, an insurance distribution and underwriting company headquartered in Dallas, compiles the Commercial and Personal Lines Market Barometers. The firm is a Lloyd's Coverholder and MGA for U.S. insurers. MarketScout owns and operates the MarketScout Exchange as well as over 40 other online and traditional underwriting and distribution venues. MarketScout is founder of the Council for Insuring Private Clients (CIPC) and administers the Certified Personal Risk Manager (CPRM) designation in partnership with The National Alliance for Insurance Education and Research. The firm founded the Entrepreneurial Insurance Alliance (EIA) in 2007 and presents the Entrepreneurial Insurance Symposium (EIS) every September. In 2017, MarketScout founded MarketScout InsurTech (MIT) venture fund. In January 2018, MarketScout launched its Incubator to accelerate start-up MGAs and assume operational functions for existing MGAs and insurers. MarketScout has offices in Arizona, Arkansas, California, Florida, Georgia, Illinois, Nebraska, Pennsylvania, South Carolina, Tennessee, Texas, and Washington, DC. For more information, please visit us at MarketScout.com. California license #0D60423