A survey of Fortune 500 risk managers finds that most are willing to accept minor rate increases without making dramatic changes to their programs, according to an online survey released by Hanover Stone Partners LLC, a risk-management consultancy.
The survey, which covered 5 percent of the Fortune 500 and targeted Oct. 1 renewals, reviewed risk managers' buying decisions for Casualty, Property and Professional-Liability lines of business.
In Casualty lines, risk managers say rates for General Liability, Auto Liability and Workers' Compensation rose by as much as 10 percent. For Umbrella/Excess Liability and Global Casualty, increases ran as high as 15 percent.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
