In industry news:

Commercial insurance prices in the U.S. were again nearly flat during the second quarter of 2017, according to a new report by Willis Towers Watson P.L.C. The broker’s Commercial Lines Insurance Pricing Survey (CLIPS) compared prices charged on policies written during the second quarter of 2017 with those charged for the same coverage during the equivalent quarter in 2016. Price changes reported by carriers averaged less than 1 percent for the eighth consecutive quarter, following a moderating trend in price increases that began in the first quarter of 2013.

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