North American commercial insurance prices increased 1% on aggregate in the second quarter of this year, according to Towers Watson.

The change compared with the corresponding period last year marks a continued moderation of price rises that began in the first quarter of 2013, its latest Commercial Lines Insurance Pricing Survey reveals.

While price changes on some lines were comparable to those reported in the first quarter, many lines moderated further, including workers’ compensation, commercial property, professional liability, directors’ and officers’, and employment practices liability.

Workers’ compensation, commercial property and directors’ and officers’ lines indicated price drops in the second quarter.

The largest price rises were in commercial auto, followed by employment practices liability. Price increases for most lines were in the low single digits.

Specialty accounts rate increases moderated.