Commercial insurance rates will continue to rise, report says
Commercial insurance rates are expected to climb across many lines of business in 2012, continuing a trend that began in the second half of 2011, according to market report from insurance broker Marsh. Substantial catastrophe losses and reduced investment returns prompted many U.S. insurers to seek rate increases in 2011, most notably in the property market, Marsh said in its report. Property insurance rate increases are expected to accelerate in 2012, especially for insureds with significant catastrophe exposures or loss histories.
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