2012 Begins with
Rate Increases
DALLAS — Calendar year 2012
starts with a composite property and
casualty rate increase of one percent.
According to Richard Kerr, CEO of
MarketScout, “The one percent com-
posite increase in January matched the
increase for December 2011. Work-
ers’ compensation and catastrophe ex-
posed property continued to exhibit
the largest increases with upward ad-
justments of plus two percent.”
pricing surveys used in MarketScout’s
analysis of market conditions. These
surveys help to further corroborate
MarketScout’s actual findings, math-
ematically driven by new and renewal
placements across the United States.
A summary of the January 2012 rates
by coverage, industry class, account
size and personal lines is set forth
below.
By Coverage Class
Commercial Property .............Up 2%
Business Interruption .............Up 2%
BOP.......................................Up 2%
Inland Marine ............................. Flat
General Liability ....................Up 2%
Umbrella/Excess ..................... Up 1%
Commercial Auto...................Up 1%
Workers’ Compensation .........Up 2%
Professional Liability ................... Flat
D&O Liability .......................Up 1%
EPLI ......................................Up 1%
Fiduciary ..................................... Flat
Crime.......................................... Flat
Surety.......................................... Flat
In 2012, MarketScout will start tracking
personal lines rates. Kerr commented,
“Beginning in February, MarketScout
will post a separate market barometer
for personal lines business. A compos-
ite rate for all personal lines coverag-
es will be posted each month. Specific
market pricing will be posted for per-
sonal auto, homeowners and personal
articles. We will also track high value
homeowners separately from tradi-
tional homeowners.”
ICT Workers
Comp Seminars
Offer CE, CLE
By Account Size
Small, up to $25,000..............Up 1%
Medium. up to $250,000.......Up 2%
Large, up to $1 million...........Up 1%
Jumbo, over $1 million ............... Flat
By Industry Class
Manufacturing ....................... Up 1%
Contracting............................Up 2%
Service....................................Up 1%
Habitational ...........................Up 1%
Public Entity ............................... Flat
Transportation........................Up 1%
Energy......................................... Flat
The National Alliance for Insurance
Education and Research conducted
AUSTIN — The Texas Depart-
ment of Insurance will not hold its
DWC Annual Conference this year.
However, the Insurance Council of
Texas will present its 2012 Spring
Workers’ Compensation Seminar
in the Dallas-Fort Worth area on
March 27, 2012, and in Austin on
April 10, 2012.
Those who had planned to attend
the TDI event and earn some CE or
CLE hours, may be able to receive
credit at one of the ICT events.
Personal Lines
Homeowners, under $1M ......Up 1%
Homeowners, over $1M.........Up 1%
Automobile ............................ Up 2%
Personal Articles .....................Up 1%
The Dallas ICT WC Spring Seminar is set for Tuesday, March 27,
2012, at the Crowne Plaza Dallas,
14315 Midway Road, Addison,
TX. The hotel’s phone numbers are
972-980-8877 (hotel front desk)
or 800-972-2518. Room rate is
$129.00.
For more detailed rating analysis or
market projections by industry class,
coverage, account size or personal
lines, contact Vilma Scott at vscott@
marketscout.com.
Long-Time Agent
Bill Sleeper Retires
continued from page 1
On Tuesday, April 10, 2012, the
event is set for the Double Tree by
Hilton Hotel Austin, 6505 Interstate Highway 35 North, Austin,
TX; phone 512-454-3737. Room
rate is $104.00, and the room reservation rate deadline is.
ICT’s website is www.insurance
council.org/WorkersComp/WC
SemSym.asp.
Active in Industry
During his long career, Sleeper has
maintained membership in Independent Insurance Agents of Texas and
Independent Insurance Agents and
Brokers of America. He served as
president of Independent Insurance
Agents of Dallas and was a member of
IIAD’s board of directors 2002-2003.
In 1989, he was named Distinguished
Service Award recipient by the Independent Insurance Agents of Dallas.
