In industry news:

A new report by Willis Towers Watson P.L.C. predicts a gradual hardening of the commercial property/casualty insurance market by the end of 2016. According to the report: “At the macro level, the satellite view, much remains the same for insurance buyers: capacity remains plentiful, low interest rates invite alternative sources of capital to explore the insurance industry (which further increases overall capacity) […] A line-by-line look at the industry reveals further complexity. While a slight majority of lines are still seeing decreases, the level of those decreases is smaller.” For workers’ comp in particular, Willis Towers Watson lists a -2.5 percent to +2.5 percent pricing prediction for the year.

Read more from Business Insurance here. Read details of the report from the Willis Towers Watson Wire blog here.

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