U.S. Commercial Insurance Market Expected to Firm in 2013
Increases pushed by above-average losses, diminished investment returns and receding reserve releases, Marsh says.
January 30, 2013
Despite the lack of traditional signs of a hard market, such as a lack of uniformity in price increases, plentiful capacity, and intense competition, U.S. commercial insurance rates are expected to continue firming, according to Marsh’s “US Insurance Market Report 2013,” as above-average losses, diminished investment returns and receding reserve releases in many lines of business and industry sectors affect insurers.
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