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Where Are U.S. Commercial Insurance Prices Headed?

They're going nowhere fast. For yet another quarter, prices remained nearly flat.

Commercial insurance prices in the U.S. were again nearly flat during the second quarter of 2017, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson.

Price changes reported by carriers averaged less than 1 percent for the eighth consecutive quarter, following a moderating trend in price increases that began in the first quarter of 2013. The survey compared prices charged on policies written during the second quarter of 2017 with those charged for the same coverage during Q2/2016. 

Originally published on PropertyCasualty360. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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