image credit: Adobe Stock

Commercial insurance rate increases continue

September 13, 2023

Data collected from carriers participating in a recent WTW survey reveals an overall increase of 6.1% in commercial lines insurance prices. This represents a slight uptick from the previous quarter (Q1’23), which recorded a 5.6% increase.

In its latest survey, WTW found that commercial insurance prices in the United States continued their upward trajectory during the second quarter of 2023, based on insights from the broker’s Commercial Lines Insurance Pricing Survey (CLIPS).

Read More on Insurance Business