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Property Rates Continue to Firm Says Marsh

Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a report from insurance broker Marsh
April 17, 2012

Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a report from insurance broker Marsh. Despite the absence of major natural catastrophes during the first three months of the year, rates rose for both catastrophe-exposed and non-catastrophe exposed risks in most geographies. The leading driver of change in the property market is the insured catastrophe losses experienced in 2011, according to Marsh’s “Global Insurance Market Quarterly Briefing: First Quarter 2012.”

Read more on property insurance rates firming: Property Rates Continue to Firm (Insurance Journal 4/10/12)

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