Survey: Commercial prices were unchanged in Q1

P/C commercial insurance prices were flat in the first quarter of the year, marking the fifth straight quarter with little or no increase because of excess capacity and below-average catastrophe losses, according to a survey by Towers Watson. "It's apparent that the market conditions are holding down price increases, while insurers continue to exhibit pricing discipline given their concerns regarding the direction the economy may take," said an analyst with the consulting firm.

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