The Tillinghast business of Towers Perrin said it will briefproperty-casualty insurers via Webcast Wednesday on an innovativeprice and loss costs survey it hopes they will participate in

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Tillinghast in Stamford, Conn. said its new launch is aground-breaking effort called Commercial Lines Insurance PriceMonitoring Survey (CLIPS).

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The firm said it initiated the survey to meet the insuranceindustry's need for better historical benchmark informationregarding pricing and loss costs and it will be the only surveythat will marry these two pieces of information across multiplecommercial lines of insurance.

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Tillinghast said its informational Webcast will be held, at 2p.m. EST for insurance companies that write primary commerciallines of coverage in the United States and that have an interest inparticipating in the survey.

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The firm said the Webcast will discuss in more detail why thesurvey is being conducted, what it will look like and the benefitfor participants.

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"CLIPS data will provide companies with a consistent and currentbenchmark for setting loss reserves, an area where there has beensome loss of confidence," promised Jeanne Hollister, p-c insurancepractice leader for North America. "The survey will also providecompanies with a more accurate measure of historical price changeson an ongoing basis," she said.

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The survey will be piloted during the third quarter of 2005, andthen conducted on a quarterly basis with participating companies,Tillinghast said.

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Information and enrollment for the
Webcast is available through Alejandra Nolibos, survey leader at404-365-1701 or [email protected].

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