Commercial insurance prices in the
Price changes in the first quarter for most lines of business were fairly consistent with changes reported in the fourth quarter. Four lines (workers compensation, commercial property, directors and officers, and surety) indicated modest price decreases. The outlier in the results continues to be commercial auto, where meaningful price increases were again reported. For most other lines, price changes fell in the low single digits. Price changes were fairly similar across segments, though slightly positive for small accounts, and flat for mid-market, large and specialty accounts.
"Despite ample capital and benign claim cost inflation trends, the commercial P&C insurance market has exercised considerable discipline as a whole over the past couple of years," said
CLIPS data are based on both new and renewal business figures obtained directly from carriers underwriting the business. CLIPS participants represent a cross section of