Insurance Rates Up Again in Q4

But the pace of the increases in commercial lines seems to be slowing.

Commercial-insurance rates climbed by almost 7 percent in Q4 2012 compared to the same period in 2011, a recent survey shows, although the upward-rate acceleration seen since the start of 2011 appears to have slowed.

Towers Watson’s latest Commercial Lines Insurance Pricing survey (CLIPS) shows commercial-rate increases across all lines for the fourth quarter in a row in Q4 2012. It is the eighth consecutive quarter of an aggregate commercial-lines increase.

About the Author

Phil Gusman

Phil Gusman

Phil Gusman is a freelance journalist. Previously, he was managing editor of National Underwriter. Prior to joining National Underwriter in 2008, he was editor of Insurance Advocate. He has also served as associate editor of Crackdown!, an insurance-fraud publication, and as assistant editor of Empire State Report, which covers New York State politics. He graduated in 2002 from Plattsburgh State University in New York. Gusman may be reached at phil.gusman@gmail.com.

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