NU Online News Service, April 10, 3:12 p.m. EST
While the general consensus for global property-insurance rates has been that rates in catastrophe-exposed areas are rising while rates in areas without such exposures are remaining flat, pricing during the 2012 first quarter is showing property rates climbing across the board, according to Marsh.
In its latest Global Insurance Market Quarterly Briefing, Marsh says property-insurance rates are rising in most geographies, with non-catastrophe-exposed property risks in the U.S. climbing by up to 10 percent. Catastrophe-exposed risks in the U.S., meanwhile, increased between 10 percent and 20 percent, Marsh says.
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