Overall commercial insurance prices were flat for the seventh consecutive quarter, a new study from New York-based Towers Watson finds.
The Commercial Lines Insurance Pricing Survey (CLIPS) noted that prices, in aggregate, declined by less than 1% during the third quarter of 2010 compared to same period a year ago. Despite rising slightly in 2009, commercial property, directors and officers liability (D&O), and employment practices liability (EPL) prices, also declined for the fourth straight quarter.
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