Commercial insurance rates moderated from plus 3% to plus 2% in June, while personal lines pricing adjusted upward from plus 3% to plus 4%, according to the latest MarketScout pricing survey.

On the heels of the previous month’s surprising upward turn for commercial rates (from plus 2% in April to plus 3% in May), June’s commercial pricing decline is more consistent with market trends.

“The commercial market continues to adjust downward as a result of improved underwriting results and an abundance of capacity,” says Richard Kerr, MarketScout CEO. “In the aggregate, rates are still up slightly, but the trend for rate moderation continues.”

By coverage class, umbrellas, workers comp, D&O and EPLI all moderated down to plus 1%. Small and medium accounts held steady at plus 3%, while large accounts fell from plus 2% to plus 1% and jumbo accounts were flat at 0%—marking the first 0% measurement since the market turned toward rate increases in November 2011, according to Kerr.

But “it’s not surprising the jumbo accounts have gone flat,” Kerr says. “The name-brand account continues to allure underwriters despite lower ROE. There is a pricing benefit to being a name brand, Fortune 1000 insurance buyer.”

On the personal lines side, insurance for auto and homes of all values was up 4% in June. Personal articles rates registered plus 2%. That’s because even for insureds that aren’t located in catastrophe-prone areas, “renewing your personal insurance on the cusp of hurricane season can be more expensive,” Kerr says. “Hurricane season heightens insurers’ consciousness of catastrophic events including non-wind or flood-related exposures, such as quake or brush.”

The result? “Higher premiums for all—at least on a temporary basis,” Kerr says, noting that advising auto and homeowners who live within 100 miles of the Gulf of Mexico or Atlantic Ocean to move their insurance renewal date away from wind season is “certainly worth considering.”

Jacquelyn Connelly is IA senior editor.