Commercial auto rate increases slow to mid-single digits: RLI
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Commercial auto rate increases slow to mid-single digits: RLI

RLI logo commercial auto trucking.jpg

Rate increases for commercial auto business have slowed to the mid-single digits, according to specialty insurer RLI, while the pace of price hikes in the excess and management liability lines have also moderated.

On Thursday, the Peoria, Illinois-based firm said rates increased on its casualty portfolio by 9% – better than the 6% gains in the second quarter – but that transportation price hikes had fallen from the double-digit increases from recent...

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