Commercial insurance prices rise slightly in first quarter
Jun 13, 2018
U.S. commercial insurance prices increased modestly in the first quarter, according to a Willis Towers Watson P.L.C. report released on Monday.
The broker’s Commercial Lines Insurance Pricing Survey compared prices charged on policies written during the first quarter of 2018 with those written during the same period in 2017.
Price changes were in excess of 1% for the first time in 11 quarters, breaking the moderating trend in price increases observed since 2013.
Data for commercial auto, commercial property and excess-umbrella liability showed fairly significant price increases in the first quarter.