Travelers rate rises accelerate in Q2, personal lines challenges continue.
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Travelers rate rises accelerate in Q2, personal lines challenges continue.

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Renewal rate increases in Travelers’ business insurance segment climbed to 4.9% in the second quarter, up from 4.4% in Q1, running counter to expectations that rate momentum would continue to slow up in the admitted market.

The increases were still lower than the 5.2% in Q4 2021, and the 8.3% peak in Q4 2020, but will prompt scrutiny around the market trajectory in commercial lines as improving results emerge alongside fears of loss inflation acceleration...

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