Prices rose 4% for personal lines last month, report says

04/8/2013 | PropertyCasualty360

Pricing for personal-lines insurance increased 4% year-over-year in March amid changes in catastrophe modeling, MarketScout says. Modelers are expanding "the areas that may be impacted by huge storms," causing rate increases to loom at renewals for those in catastrophe-prone areas, said MarketScout CEO Richard Kerr. "Some underwriting companies feel the modeling is questionable," Kerr said.

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