Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index

With the exception of the workers' compensation line, premium renewal rate changes for all major commercial lines of business increased year over year

which remained negative, according to the Ivans Index second quarter results

The Index revealed that Q2 experienced an increase in average premium renewal rate change across commercial auto, business owner’s policy (BOP)

The Ivans Index for this quarter continues to indicate fluctuations in the average premium renewal rate matching with other hard market macroeconomic developments

said Kathy Hrach, vice president of Product Management, Ivans

The annual premium change for a single consistent policy is measured by the Ivans Index premium renewal rate change