Pricing in commercial lines markets has risen 5 percent on average in Q4 2012, according to The Council of Insurance Agents & Brokers’ quarterly “Commercial P/C Market Index Survey.” That compares with a 3.9-percent-average-price increase in Q3 2012, across small, medium and large accounts.
“I think you can characterize the fourth quarter as more of the same,” said Ken Crerar, president and CEO of the Council. “Carriers were still cautious about the risks they were putting on their books and pushed for price increases where they could get them.”
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