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U.S. Property Rates Soften

U.S. Property Rates Soften International EditorChicago After rising by 62 percent last year, U.S. property rates have begun a moderating trend, according to a report ...

By Lisa S. Howard | Updated on April 08, 2003

U.S. Property Rates Soften International Editor

Chicago

After rising by 62 percent last year, U.S. property rates have begun a moderating trend, according to a report published by Aon.

“The runaway hard market has finally jarred to a halt as insurers find that, to meet their income targets, they are having to compromise on rates to achieve the levels of premium that their business plans demand,” said the Aon report entitled “2003 U.S. Property Report.”

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