Insurance broker Marsh says global insurance rates continued to firm during the first quarter. According to its Global Insurance Market Quarterly Briefing, the first three months of 2013 marked the fifth consecutive quarter of global rate increases.
In the U.S., most major insurance lines saw increases of between 2 percent and 4 percent, while rates decreased an average of about 1 percent outside the U.S.
Marsh notes that insurers have restricted coverage for flood-exposed property in the aftermath of Superstorm Sandy. Insurance carriers are pushing for rate increases, especially in the Northeast, says Marsh.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
