P/C insurance rate increases moderated at Q4 renewal, Marsh says

12/19/2012 | PropertyCasualty360

The increase in property/casualty insurance rates moderated at renewal during the fourth quarter, rising 1.2% compared with 1.4% in each of the previous two quarters, according to a Marsh report. "While Superstorm Sandy caused some insurers to suffer significant losses, we do not expect it to be a market-changing event. Insurers remain well capitalized with most of them unlikely to reduce their capacity in 2013. However, some insurers are increasing their push for rate increases," Marsh's Dean Klisura said in a statement.

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