P/C insurers are seeing higher prices, Marsh exec says

02/13/2013 | PropertyCasualty360

Property/casualty insurance prices in the U.S. rose about 2% in the fourth quarter, while premiums were up 1.2%, says Peter Zaffino, CEO of Marsh. Some U.S. casualty lines are gaining momentum, Zaffino said. "We had a little bit of an impact from [Hurricane] Sandy, but not much, and that started to fall off a little bit in the fourth quarter," he said.

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