U.S. commercial insurance rates maintain predictable trend; highlighted by aggregate rise of 6.3% for Q1’2024

June 10, 2024

https://www.globenewswire.com/news-release/2024/06/10/2896155/0/en/U-S-commercial-insurance-rates-maintain-predictable-trend-highlighted-by-aggregate-rise-of-6-3-for-Q1-2024.html

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) — According to WTW, a leading global advisory, broking and solutions company, U.S. commercial insurance prices have maintained a steady trend with respect to consistent, routine, price increases. Based upon the company’s Commercial Lines Insurance Pricing Survey (CLIPS) for the first quarter of 2024, quarterly price increases of approximately 6% have remained steady since the global pandemic. The survey compares insurance prices on policies underwritten during the first quarter of 2024 to those prices for the same coverage in the same respective quarter of 2023 for a year-over-year perspective.

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