According to Richard Kerr, Founder and CEO of MarketScout, "General Liability rates moderated in May. The trend of larger accounts getting deeper premium discounts continued. Small accounts realized a rate reduction of two percent while jumbo accounts enjoyed reductions averaging five percent. Transportation, habitation and energy industries had the least premium reductions at minus two percent."
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, which are mathematically driven by actual new and renewal placements across the United States.