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Hurricane Losses Fail To Boost Most P-C Prices

Last year's hurricane losses have not resulted in substantial insurance price increases for much of the country, but the situation for coastal properties is a different story, a recent producer group

By Matt Brady | Updated on January 29, 2006

Last year’s hurricane losses have not resulted in substantial insurance price increases for much of the country, but the situation for coastal properties is a different story, a recent producer group survey revealed.

Most of the commercial property-casualty marketplace has not seen the widespread price increases predicted by some analysts in the wake of Hurricanes Katrina, Rita and Wilma, according to the Council of Insurance Agents and Brokers’ Commercial Insurance Market Index Survey for the fourth quarter of 2005.

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