Commercial insurance price increased by 5% in aggregate during the fourth quarter of 2013, the third consecutive year of price increases, Towers Watson said in a press release Monday.The company's Commercial Lines Insurance Pricing Survey compares carriers' prices on policies underwritten during the fourth quarter of 2013 to those underwritten in the same quarter of 2012. While price increases continued at the end of 2013, they were more moderate than the 6% to 7% increases reported in the second half of 2012 and the first half of 2013, Towers Watson said. The company said carriers rep...
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