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Property Coverage Still Firming

Average property rate up 3.1% in Q2; 61% saw rate increases.

By Shaunacy Ferro | Updated on July 16, 2012

Rates for commercial property insurance continued to firm in the second quarter, according to a report from global insurance broker Marsh. Among companies that renewed their property insurance during the second quarter, 61% paid increased rates, while 25% saw their rates decrease and 14% remained stable. The average rate for property insurance increased 3.1% in the second quarter.

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