Commercial Insurance Price Increases Continue long-term Slowdown, Towers Watson Reports

Commercial insurance prices rose 2% in the first three months of 2015, continuing the trend of slower rate increases, according to Towers Watson. While prices are still rising, Towers Watson reported Monday that the increases have been smaller and smaller since the fourth quarter of 2012, when they hit a peak 7% increase in three months. The company's Commercial Lines Insurance Pricing Survey showed that the industry's first-quarter rate increase matches that of the fourth quarter of 2014: an aggregate 2% rise. However, the commercial lines that saw the greatest increases were i...