There are no signs that the personal lines market should be experiencing dramatic upward pressure, and could be moderating thanks to increased premiums and light catastrophe season so far this year.
The latest indicator is MarketScout's barometer for July that shows personal lines rates edging down to plus 3 percent after two consecutive months at plus 4 percent.
Compared to 2012, catastrophe losses have thus far been lighter. A.M. Best recently reported P&C insurers' combined ratio dropped 2.7 points in the first quarter of this year to 94.7 as catastrophes accounted for 2 points of the combined ratio in 2013 compared to 3.2 points in 2012.
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