NU Online News Service, Dec. 9, 10:12 A.m. EST
Third-quarter commercial insurance rates increased 0.3 percent with hardening prices in property and specialty lines such as directors and officers liability (D&O), according to a new consulting firm survey.
The findings by Stamford, Conn.-based Towers Perrin were contained in the firm's latest Commercial Lines Insurance Pricing Survey (CLIPS).
Towers Perrin said the uptick represented the second consecutive quarter-to-quarter modest increase after nearly five years of steady decreases.
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