Insurance News

Posts Tagged ‘Stabilize

The hardening market property insurance buyers faced in the first half of 2009 eased considerably in the third quarter, according to a report from Chicago-based brokerage Aon Corp.

During the first half of the year, property insurance rates increased on average between 4% and 5%, and more than 20% in some cases, Aon said in its quarterly market overview. But in the third quarter, rates flattened to an average increase of 0.2%, due to light Read the rest of this entry »

Prices for workers? compensation reinsurance at Jan. 1 renewals were relatively unchanged, Guy Carpenter reinsurance brokerage reported.

The firm predicted that the stabilization of pricing seen on Jan. 1 should continue for subsequent renewals throughout the year.

Rates on line (ROL) declined slightly for multiclaimant catastrophe programs, and for single-claimant exposed programs, if rates did change, any reductions were slight, Read the rest of this entry »