Posted by: Jeff Rhodes | September 27, 2011

News From the Property & Casualty Markets

Like I mentioned, I am attending an insurance conference. The theme from all the insurers speaking here – we must get rate increases.
Various reasons:
1) catastrophic losses in 2011. Hurricanes, floods, Japan tsunami, tornadoes, earthquakes.
2) poor returns on financial investments. Insurers are not making money on investments and must increase underwriting profit.

All of the insurers are saying the same things. Conclusion: the market premiums are headed up. We will see the same thing in the aviation markets because they have the same issues and dip into the same global insurance pool

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