Rates for Commercial Property and 7 other LOBs Likely to Decline
An influx of alternative capital is driving down property rates, according to Willis Group Holdings; many commercial casualty lines of business likely to experience rate increases.
INN Breaking News, October 9, 2013
Commercial property rates are anticipated to decline an average of 10 to 12 percent for non-catastrophe-exposed risks, and risks exposed to hurricanes and natural catastrophes likely will decline 5 to 10 percent, as a result of an influx of alternative capital to the insurance industry, according to the semi-annual 2014 “Marketplace Realities” report from Willis Group Holdings plc, a global risk advisor, insurance and reinsurance broker.
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