Willis Towers Watson: Comp Remains a Respite From Hard P&C Market

Willis Towers Watson predicts property and casualty buyers will continue to see prices increase across most lines for the remainder of 2021, but there are early signs that the market is softening. At the same time, the global advisory and broking firm said workers’ compensation is one of the few lines where buyers are not facing big premium hikes. Willis Towers Watson said workers’ compensation lines continue to offer a respite from increases, with some buyers coming away with flat renewals. The company predicts comp costs will increase by up to 4% in the rest of 2021. The ...