Commercial Insurance Rates Up Again in Q3

Upward pressure on prices should moderate, says Towers Watson.

Commercial insurance prices increased by 5% in aggregate in 2013’s third quarter, says Towers Watson, but the risk consultant forecasts the hardening trend will taper.

Data from the Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS), obtained from 43 insurers representing about 20% of the U.S. property and casualty commercial-insurance market, shows the Q3 increase follows 11 consecutive quarterly price hikes.

About the Author

Anya Khalamayzer, PropertyCasualty360.com

Anya Khalamayzer, PropertyCasualty360.com

Anya Khalamayzer is Assistant Editor of Risk for PropertyCasualty360-National Underwriter. Khalamayzer graduated from CUNY Baruch College after intensive internships with Time Out New York Kids and Crain’s Investment News. Keenly interested in environmental science, music and the arts, her articles have been published in Gotham Gazette, Wonkster blog and Ear to Mind magazine. She can be reached at akhalamayzer@summitpronets.com

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