PV rates rise up to 50% as class enters ‘first true hard market’
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PV rates rise up to 50% as class enters ‘first true hard market’

2022-04-09 Kyiv region, Ukraine. Destroyed russian tank with Wolverines painting stucked in the mud on the E40 highway near Kyiv. War in Ukraine
Yuliia Burlachenko / Alamy Stock/Alamy Stock Photo

Rates in the political violence (PV) class are hardening across the board, triggered by the outbreak of the war in Ukraine, with rates in more capricious locations rising by as much as 50%, sources told Insurance Insider.

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