According to the results of a newly released data report that verified the 2010 accident year’s deterioration of loss ratio, commercial insurance prices have remained pretty much the same for nine quarters in a row. The latest Commercial Lines Insurance Pricing Survey (CLIPS) by Towers Watson – the global professional services company – showed that management liability and commercial property lines have both continued to show decreases in price. That said, following the sizeable price reductions and then the comparatively flat indications since the start of 2011, the data involving…
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