The latest Ivans Index, the company’s monthly premium renewal rate index, indicated that year-over-year, commercial auto, business owner’s policy (BOP), general liability, commercial property and umbrella all posted higher average renewal rate changes, while Workers’ Compensation stayed in negative territory. On a month-over-month basis, however, renewal rate changes eased in every line, except umbrella.
US commercial renewal rates stay high but show signs of easing
