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“The rate of price increases has moderated again in the second quarter while still elevated versus historical norms. This is largely driven by significantly lower price increases for excess/umbrella and directors’ and officers’ liability than previous quarters,” said Yi Jing, of Willis Towers Watson. (Credit: jozefmicic/stock.adobe.com) “The rate of price increases has moderated again in the second quarter while still elevated versus historical norms. This is largely driven by significantly lower price increases for excess/umbrella and directors’ and officers’ liability than previous quarters,” said Yi Jing of Willis Towers Watson. (Credit: jozefmicic/stock.adobe.com)

During the most recently concluded quarter, commercial insurance prices grew 6%, in aggregate, according to Willis Towers Watson (WTW), which reported data for almost every line indicated a significant price increase.

While prices grew quarter-on-quarter to start 2021, rate increases in the second quarter showed more moderate gains than the same period the year prior, which saw prices grow more than 10%, according to WTW. During the first quarter of 2021, commercial insurance rates grew an aggregated 8%.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected], and on LinkedIn and Twitter.  

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