NU Online News Service, April 8, 12:44 p.m. EDT
The earthquake in Japan and two other major losses for insurers have put the brakes on the soft-market pricing trend in the energy insurance market, says a report from Willis Group.
According to the Willis Energy Market Review, released yesterday during the firm's North American Energy Conference in San Antonio, Texas, insurers are reassessing their positions, taking stock of the losses they have endured during the first quarter of this year.
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