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23 May 2012

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US P&C rates rise for first time in eight years

21 October 2011

Commercial P&C pricing for US risks is now higher on average than it was a year ago, the first time since 2003 that rates have risen year-on-year.

This was the standout theme from the Council of Insurance Agents and Brokers' (CIAB) latest survey of the US commercial market, a sector that has appeared to be bogged down within the treacherous soft market for a number of years.

According to the CIAB, average P&C commercial rates improved by 0.9 percent in...

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