US commercial insurance prices rose again during the third quarter, according to new data from global broker WTW.
WTW’s Commercial Lines Insurance Pricing Survey compared prices charged on policies written during Q3 to those charged for the same coverage during the same period in 2021.
Carriers reported an aggregate commercial price increase of 5%, down slightly from the 6% rise in Q2.
Data from nearly all lines of business indicated price increases in the third quarter, except for directors and officers and workers’ compensation, WTW said. D&O showed a larger price decrease than was reported in Q2.