Property insurance rates to remain stable through end of year

Filed under: Competitive strategy

A rapidly hardening property insurance market in the first half of the year slowed down a little bit in the third quarter, according to insurance broker Aon (AOC). Property rates increased 4% to 5% on average, with some corners of the market surging more than 20%, during the first half 2009. In the third quarter, rates were up an average of only 0.2%.

Low levels of insured loss have contributed to strong profits for property carriers, and the industry's surplus is up $463 billion -- all of which means there is little reason to pump up insurance rates. Rates should remain stable for the rest of the year.

Continue reading Property insurance rates to remain stable through end of year

Property insurance rates to remain stable through end of year originally appeared on BloggingStocks on Sat, 05 Dec 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=19896cf29880896bca575671f1c4bd61