NU Online News Service, March 12, 1:29 p.m. EST
Commercial lines insurance rates rose 3 percent in the 2011 fourth quarter, according to a Towers Watson survey, providing further evidence that the years of soft-market momentum may be reversing course.
In a summary of the results of its CLIPS survey (Commercial Lines Insurance Pricing Survey), Towers Watson says survey results indicate a progressive rise in rates throughout 2011.
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