Pressure on rates is likely to continue in the coming quarters as the property and casualty industry remains flush with cash, according to a recent analysis.

ALIRT Insurance Research, in its “Year End 2013 P&C Industry Review,” says its composite of insurers has seen financial strength move “sharply higher” to 2006-2007 levels. ALIRT says, “This is not a financial environment that is traditionally conducive to hard-market pricing, as strong balance sheets usually provoke greater pricing competition among carriers.”

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