Rate increases for BOP, commercial property, GL accelerate in February: Ivans
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Rate increases for BOP, commercial property, GL accelerate in February: Ivans

Jairo Ibarra
March 15, 2023
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Renewal rate increases for business owners' policies (BOP), commercial property and general liability accelerated in February, while commercial auto and umbrella slowed, according to Ivans pricing data.

Ivans reported that nearly all lines of business experienced premium renewal rate rises, while workers' compensation remained negative.

Commercial property rates rose to 8.86%

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Jairo Ibarra
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