'Rational' Market Prevails On P-C Pricing
Despite record hurricane losses, many insureds still see premiums on the decline
You would think that over $50 billion of catastrophe losses in a single year–the vast majority over the past four months–would be enough to prompt insurers to do a quick U-turn and send prices soaring across the board to compensate. But that has not been the case, as the industry continues its recent commitment to a more "rational" market.
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