By Chad Hemenway, PropertyCasualty360.com June 6, 2012   MarketScout says the composite rate for commercial insurance placed in the U.S. in May was up 4 percent compared to the same month a year ago. In his comments on the month’s rate activity, Richard Kerr, chief executive officer of MarketScout, predicts additional increases in pricing for […]

Business Insurance Sheena Harrison June 5, 2012 CHICAGO—The property/casualty insurance market is hardening, but it is unclear whether rate increases are here to stay, panelists said Monday during the 2012 Harold H. Hines Jr. Memorial Symposium. Three panelists discussed the evolving market and economic challenges during the symposium, titled “Navigating the Changing Marketplace.” About 150 […]

Minnesota has joined New York as far as independent bureaus that have approved the split point change, effective 1/1/2013. Details are in this circular on their website. Workers Comp brokers that have clients with high mods better get their clients' mods knocked down asap. Based upon the fact that most of the claims experience going […]