Brown & Brown confirms US casualty rate hardening
Retail broker Brown & Brown has confirmed there is "constant and consistent pressure" for property and some casualty rates to increase across the US.
"For the first time, there is a constant and consistent pressure in many areas of the US to increase property rates and some other rates like employment practices liability (EPLI), directors' and officers' liability, but also consistently workers' compensation," CEO Hyatt Brown said during a Q1 results conference call on 17 April.
Workers compensation across the...
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