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Willis Towers Watson: US commercial insurance prices up in Q2

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Willis Towers Watson: US commercial insurance prices up in Q2

The U.S. commercial insurance sector saw prices increase by nearly 3% during the second quarter.

Workers' compensation was the only standard surveyed line that continues to experience price cuts, according to Willis Towers Watson PLC's Commercial Lines Insurance Pricing Survey.

Commercial auto, commercial property and excess/umbrella liability all experienced material price increases. For the third consecutive quarter, commercial property price data show increases in the low- to mid-single digits and commercial auto recorded significant price increases at or near double digits.