Commercial insurance prices have increased almost 7 percent during Q1 2013, according to “Commercial Lines Insurance Pricing Survey (CLIPS),” conducted by Towers Watson, a professional services company. This was the fifth consecutive quarter of increases across every line of business surveyed, and overall prices have been increasing for nine consecutive quarters, Towers Watson said.
Those results varied slightly from MarketScout’s monthly market barometer for May 2013, in which the average composite rate for property/casualty insurance placements in the United States increased 5 percent for the third-straight month.
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