Global Insurance Rates Continue to Firm
Marsh finds rate increases slowing despite losses attributable to Superstorm Sandy.
INN Breaking News, December 19, 2012
Global insurance rates continued to firm in Q4 2012, despite the insured losses attributable to Superstorm Sandy. According to the “Marsh Risk Management Global Insurance Index,” a weighted average of rate change activity for major lines of insurance over the previous four quarters, insurance rates rose to 101.2 from 100.9 in the third quarter. The index was based at 100.0 in the second quarter of 2012.
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