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MarketScout
Insurance rates continue to climb in Q2’25, according to Novatae Risk Group
17th July 2025
Insurance rates across the US continued their upward trend in the second quarter of 2025, according to new data released by MarketScout, a national insurance distribution and underwriting company, in collaboration with Novatae Risk Group, a specialty insurance brokerage and risk advisory firm. For commercial insurance, average rates rose by 2.8% ... Read the full article
Commercial insurance rate increases to moderate in 2025: KBW
24th June 2025
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business. Drawing on detailed pricing data from MarketScout, an industry analytics provider tracking insurance rate trends, ... Read the full article
US commercial insurance composite rates up 3% in Q1: MarketScout
4th April 2025
Commercial insurance rates across the US continued to rise in the first quarter of 2025, with the composite rate increasing to 3%, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae Risk Group, observed, “Umbrella and excess liability, along with automobile coverages, saw the most significant rate hikes ... Read the full article
US commercial insurance composite rates up 3.75% in 2024: MarketScout
7th January 2025
The US commercial insurance sector saw a composite rate increase of 2.64% in Q4 2024, bringing the total increase for the year to 3.75%, down from 4.56% in 2023, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae, observed that property rates are slowing due to fewer insured ... Read the full article
US commercial insurance reports composite rate increase of 3.8% in Q3’24: MarketScout
14th October 2024
The US commercial insurance sector saw a composite rate increase of 3.8% in Q3 2024, with property insurance up 5.7% and commercial auto and transportation risks experiencing the highest rise at 7.3%. MarketScout notes that although insurers expected significant impacts from Hurricane Helene, much of the damage appears to be flood-related, ... Read the full article
No significant rate movements in US P&C as insurers remain comfortable: Novatae
4th July 2024
With the composite rate for US P&C insurance increasing slightly from 3.9% in Q1 to 4.36% in Q2, Richard Kerr, CEO of Novatae Risk Group, noted that "there was no significant movement in rates for any coverage or industry group" given that insurers are comfortable with pricing. Kerr's comments come as ... Read the full article
US commercial P&C rates decelerate in Q1’24, personal lines steady: MarketScout
5th April 2024
Commercial rates in the US went up 3.9% on all property and casualty placements in the first quarter of 2024, a notable decline compared to the plus 5.6% in Q4 2023, while personal insurance rates held steady at plus 4.75% in the period, according to MarketScout. “January and February posted very ... Read the full article
Insurance companies fared better than expected in 2023: MarketScout
9th January 2024
According to recent analysis from MarketScout, the composite rate increase for personal lines insurance across the United States was plus 4.75% for Q4 2023. The analysis states that insurers made it through 2023 better than expected, with a composite rate increase of 4.61% when examining the full 2023 year. Richard Kerr, Chief ... Read the full article
US commercial insurance rates up 4.56% in 2023: MarketScout
8th January 2024
According to recent analysis from MarketScout, in 2023, the transportation industry was assessed as the sector with the largest rate increase at plus 7.26%, as the total rate increase across all industry groups hit 4.56% in the year. By coverage classification, property and auto rates were up the most in 2023, ... Read the full article
US personal lines rates moderate in the third quarter: MarketScout
12th October 2023
According to recent analysis from MarketScout, the composite rate for personal lines across the US was 4% for Q3 2023, with automobiles up 4.3% and personal articles up 2.7%. MarketScout suggests that a relatively benign hurricane season encourages insurers, but that the hottest summer on record creates separate issues going forward. Richard ... Read the full article
Commercial insurance rates moderate in Q3’23: MarketScout
10th October 2023
In the third quarter of 2023, commercial insurance rates in the United States saw a moderation in their upward trajectory, according to a report by MarketScout. The data showed that rates increased by 3.72% during this period, a notable deceleration compared to the 5% surge witnessed in the second quarter of ... Read the full article
US personal lines insurance rates experience slight decrease in Q2: MarketScout
11th July 2023
According to a report by MarketScout, personal lines insurance rates in the US experienced a slight decrease, with the composite rates dropping to 4.4% in the second quarter of 2023 from 5% in the first quarter. "Insurers were feeling pretty good in the second quarter," said Richard Kerr, CEO of MarketScout ... Read the full article
US commercial insurance rates steady in Q2: MarketScout
10th July 2023
MarketScout has reported that composite US commercial insurance rates were steady in Q2 2023, with business across the country seeing an average rate increase of 5% in the quarter. Richard Kerr, CEO of MarketScout and Novatae Risk Group, commented, “While the composite rate held steady in the second quarter, there was ... Read the full article
Personal lines rates moderate through Q1: MarketScout
14th April 2023
Data from MarketScout shows that personal lines rates decreased slightly through the first quarter of 2023, with the US composite rate recorded at plus 5%. Homeowners and personal articles insurance on a composite basis were both down slightly in the Q1, analysts reported. But automobile insurance rates are increasing at plus 6.3% ... Read the full article
US commercial P&C rates increase in Q1 at plus 5%: MarketScout
6th April 2023
New data released by MarketScout, a managing general agent, Lloyd’s coverholder and wholesale broker, shows that composite rate increases for commercial property and casualty rates increased in modest fashion during the first quarter of 2023 at plus 5%. According to the broker, the only coverages of notable change were general liability ... Read the full article
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