NU Online News Service, April 16, 1:18 p.m. EDT
Catastrophe risks can expect to see double digit insurance premium increases through the rest of this year as underwriting capacity dwindles and the hurricane season approaches, an executive from Marsh said.
After years of the competitive soft pricing market cycle, insurers will be seeking increases on heavy catastrophe exposed risks that could go higher than 15 percent said Duncan Ellis, leader of Marsh's U.S. property practice.
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