Business Services Industry
P/C rates still rising, but signs suggest some easing: Buyers.(property/casualty insurance)
Business Insurance, May, 2003 by Souter, Gavin
Byline: GAVIN SOUTER BOSTON-Insurance rates are still rising in most lines, but there are some signs of a softer market ahead, a panel of risk managers said. Although risk managers are still seeing their consolidated premiums increase, some areas, particularly property, are at least flattening, they said.
Still, regardless of the easing of some rates, risk managers have had to review their priorities over the past several years as they have adapted to increased premiums and contractions in coverage, they said. And events such as the Sept. 11, 2001, terrorist attacks have highlighted the importance of some coverages that previously received little attention, the panel said. The changes wrought by the hard market have also emphasized for risk managers...
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