NU Online News Service, Dec. 20, 12:04 p.m. EST
Commercial-lines insurers should continue to achieve measured rate increases, but will not see a return to "hard-market" conditions, as capital remains strong, according to Moody's Investors Service.
Citing the results of recent pricing surveys from Towers Watson, MarketScout and the Council of Insurance Agents and Brokers, Moody's says in its Weekly Credit Outlook that commercial lines are seeing a pricing upswing for the first time since 2004.
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