U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.
WTS’s Commercial Lines Insurance Pricing Survey (CLIPS) survey compared prices charged on policies underwritten during the third quarter of 2019 to those for the same coverage during the third quarter of 2018.
Data for commercial auto, commercial property, excess/umbrella liability and directors and officers (D&O) all indicated significant price increases.
