Price changes reported by carriers averaged less than 1% for the ninth consecutive quarter, following a moderating trend in price increases that began in the first quarter of 2013.
U.S. commercial insurance prices showed minimal gains during the first quarter of 2017, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson.
Auto losses, AIGs reinsurance deal with Berkshire Hathaway, and high competition in non-auto business lines are the stories to watch in 2017, according to S&P Global Market Intelligence.