Specialty Insurance Stocks Take The Lead
No legal business we know of has the kind of pricing power enjoyed by property-casualty insurers today. That ought to mean good news for investors in insurance stocks. After all, what's not to like about the most favorable supply/demand scenario in decades?
Indeed, depending on whom you talk with, p-c insurers have now enjoyed two, three or even four rounds of annual rate increases. And while property rates have flattened out at adequate levels, rate hikes in casualty lines continue to power ahead at a healthy clip.
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