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12 June 2024Insurance

US commercial rate growth steady at 6.3% Q1; excess/umbrella buoy

US commercial insurance rates rose 6.3% y/y in Q1, a largely stable growth rate with double-digit gains in excess umbrella liability buoying against more stable rates in commercial property and steady declines in cyber and D&O, WTW’s Q1 2024 commercial lines insurance pricing survey (CLIPS) has shown.

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