Analysts: P/C insurance market has hardened somewhat since Sandy

01/13/2013 | Business Insurance (tiered subscription model)

Property/casualty insurance rates are firming as a result of Hurricane Sandy, but the price increases are insignificant, according to industry analysts. "Sandy didn't cause a cataclysmic sea change in rates," says Randy Schreitmueller of FM Global. "It did help solidify rates, particularly for accounts that are exposed to these types of catastrophes, especially in the Northeast. But it's still a competitive world out there."

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