Five Major Liability Lines

Moody’s said commercial insurers expect an average rate increases of about 7.5% for policies written in 2013 for five major liability lines: workers compensation, commercial general liability, professional liability, commercial automobile, and commercial multiple peril.


That compares with increases of 6.5% for 2012 and 5.2% for 2011. “Companies also indicated a reduced appetite for taking on risk, which could help sustain future rate improvement as they anticipate slightly higher severity trends and exposure trends for 2013 and 2014.