Report: Commercial Insurance Price Changes Flattening Out

Commercial insurance prices were nearly flat during the first quarter, while workers’ comp was among the few lines that showed rate decreases, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey. The survey, known as CLIPS, compared prices of policies underwritten during the first quarter of 2017 to those charged for the same coverage during the first quarter of last year. Price changes reported by carriers averaged less than 1% for the sixth quarter in a row, following a trend of moderating price increases that began in the first quarter of 2...