"To harden rates, there has to be an impetus, and in this case, the industry points to 'social inflation,' not replenishment of capital, "To harden rates, there has to be an impetus, and in this case, the industry points to 'social inflation,' not replenishment of capital," said Tracy Dolin, credit analyst at S&P Global Ratings. (Photo: Shutterstock"To harden rates, there has to be an impetus, and in this case, the industry points to 'social inflation,' not replenishment of capital," said Tracy Dolin, credit analyst at S&P Global Ratings. (Photo: Shutterstock)

The P&C insurance industry is once again motivated to "find religion" on pricing thanks to mounting concerns about loss emergence, says a new S&P Global Ratings report.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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