NU Online News Service, Aug. 25, 2:22 p.m. EDT
Marsh provides further evidence that insurance pricing may be moderating in a benchmarking report that says property rates are experiencing an increase in the third quarter, while other lines decline at a slower pace.
In its “Marsh Insights: Benchmarking Trends” report released this week, the insurance broker and member of Marsh & McLennan Companies says that to date, third-quarter property rates averaged an increase of 1.1 percent, which includes both catastrophe and non-catastrophe exposed properties.
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