The much-discussed moderating trend in commercial-lines rate increases was seen in Towers Watsons most recent Commercial Lines Insurance Pricing Survey, which showed rates up by 5% in 2013s fourth quarter compared to the same period in 2012.
By coverage class, commercial property placements were up to plus 3% from plus 2% the prior month, and business owners policies (BOP) were up to plus 4% from plus 3% in January.