The company, which bills itself as the "nation's largest property and casualty insurance exchange," said overall the composite rate for insuring U.S.-based risks was calculated at an increase of 5 percent last month.
The composite rate for property coverages across the U.S. was up 7 percent, the report said. Included were larger increases in wind exposed areas on the gulf coast and eastern seaboard, which is normal during hurricane season.
Small and medium-sized accounts -- premiums up to $250,000 -- increased 5 percent; large accounts increased by 4 percent; and jumbo accounts -- over $1 million -- were up 3 percent.
The survey was conducted by the National Alliance for Insurance Education and Research.
Read more at the WorkersComp Forum homepage.
September 27, 2012
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