Press Release: Cost of commercial insurance still flat


NEW YORK--(BUSINESS WIRE)--Commercial insurance prices were relatively flat for the eighth consecutive quarter, while accident-year loss ratios deteriorated relative to the same period in the prior 12 months, according to global professional services company Towers Watson's (NYSE, NASDAQ: TW) most recent Commercial Lines Insurance Pricing Survey (CLIPS).

Commercial insurance prices, in aggregate, declined by 1% during the fourth quarter of 2010, according to the survey, which compares prices charged on policies underwritten during the fourth quarter of 2010 to the prices charged for the same coverage during the same quarter in 2009.

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