Commercial-Lines Pricing Survey, MarketScout Report Show Further Signs of Upward Market Turn

Evidence of a market turn continues to mount, as a survey of commercial-lines executives shows rates rose 3 percent in 2011’s fourth quarter—and recent analysis contends that rates could climb by as much as 10 percent over this year.

In its most recent Commercial Lines Insurance Pricing Survey (CLIPS), Towers Watson says the 3 percent rise in rates in Q4 2011 compared to Q4 2010 continues the trend of a progressive rise in rates.