According to the latest Towers Watson Commercial Lines Insurance Pricing Survey(CLIPS), commercial insurance prices increased by a modest 2%during the fourth quarter of 2014. This survey compared pricescharged on policies underwritten during the fourth quarter of 2014to those charged for the same coverage during the same quarter in2013.


Survey data showed that loss ratios improved by 3% during 2014(excluding catastrophes), compared to an estimated improvement ofnearly 5% between 2012 and 2013.


Carriers reported price increases in the low single digits formost lines—smaller than in the third quarter. Workers compensationprice increases continued a sharp downward trend, similarly todirectors and officers liability, where prices were reported asflat.


Workers compensation price increases continued a sharp downwardtrend, similarly to directors and officers liability, where priceswere reported as flat.

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