Commercial Property Rates Continue to Soften
Buyers' market is improving, as capacity remains abundant, according to Willis Group; commercial casualty rates likely to experience single-digit increases.
INN Breaking News, April 10, 2014
Commercial P&C insurance buyers likely will see a modest improvement in market conditions for the remainder of 2014, attributable to more softening in the property insurance line and an easing of upward rate pressure on many other lines of business, according to the semiannual “2014 Marketplace Realities,” a report from Willis Group Holdings plc, a global risk advisor, insurance and reinsurance broker.
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