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Commercial Insurance Prices Remain Flat for Fourth Consecutive Quarter, According to Towers Watson Survey
April 3rd, 2010
A competitive market landscape has perpetuated flat commercial insurance prices during the fourth quarter of 2009, according to global professional services company Towers Watson (NYSE, NASDAQ: TW). After nearly five years of steady price decreases, findings from Towers Watson's most recent Commercial Lines Insurance Pricing Survey (CLIPS) also reveal little or virtually no price increases throughout 2009.
The survey compared prices charged on policies underwritten by 36 participating insurance companies during the fourth quarter of 2009 to pricing for the same coverage during the fourth quarter of 2008.
Pricing data for most lines of coverage show small...
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Source: Investment Weekly News (2010-04-03)