U.S. commercial insurance prices again grew significantly in the third quarter of 2020, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the third quarter of 2020 to those charged for the same coverage and quarter in… Continue reading U.S. Commercial Insurance Prices Again Increase Significantly During Q3
Tag: insurance premium increases
Market Conditions Accelerated by COVID-19 Led to Pricing Increases for All Lines: CIAB
The market continued to harden into Q3 2020, according to results from The Council of Insurance Agents & Brokers’ quarterly Commercial Property/Casualty Market Index. Respondents reported moderate-to-significant increases for all account sizes and all commercial lines, including Workers Compensation. The average increase in premium pricing for all-sized accounts again broke double-digits in Q3 2020 at… Continue reading Market Conditions Accelerated by COVID-19 Led to Pricing Increases for All Lines: CIAB