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Commercial Insurance Rates Take Another Hike In Q4 ARLINGTON, VA, March 8, 2021 U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the fourth quarter of 2020 with those charged for the same coverage and quarter in 2019 and found the aggregate commercial price change reported by carriers was above 10%, the highest increase in the history of CLIPS. Data for nearly all lines indicated significant price increases in the fourth quarter with the largest increases coming from excess/umbrella liability and directors’ and officers’ liability. The outlier continues to be workers compensation, which indicated a slight price reduction, in contrast with all other surveyed lines. Price changes for most lines were consistent with the increases

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