In industry news:

Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as much as in April. According to IVANS, premium renewal rate change by line of business for May 2018 includes a -2.71 percent change for workers’ comp, up from -2.93 percent at the end of April.

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