US Personal Lines Rates Up 6.3% in Fourth Quarter 2020

By: MarketScout Large homes assessed biggest rate increase The composite rate for personal lines was up 6.3 percent in the fourth quarter of 2020, reflecting the market’s rate acceleration. In fact, homeowners with properties valued over $1,000,000 paid average rate increases of 8.2 percent clearly signaling ongoing price increases for large homes. Richard Kerr, CEO of MarketScout profiled market conditions … Read More