Marketscout: P&C rates gain hurricane momentum
The pace of US P&C insurance rate increases gained momentum in August as pricing continued to improve compared to a year ago, according to the latest rate survey by insurance exchange MarketScout.
Average premiums rose by 5 percent in August, up from 4 percent increases noted in the previous three months.
MarketScout CEO Richard Kerr said it was normal to see property rate increases, particularly for wind-exposed areas, during the hurricane season, which runs from 1 June to the end...
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