For the fourth time, and across every line of business, commercial insurance prices rose in aggregate by almost 7 percent during the fourth quarter of 2012. That was the eighth-consecutive quarter of price increases, according to the latest “Commercial Lines Insurance Pricing Survey (CLIPS)” from Towers Watson.
“Price increases taken in 2012 will push 2013 loss ratios down, assuming moderate loss inflation,” said Tom Hettinger, Towers Watson’s Property & Casualty sales and practice leader for the Americas.
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