Property-casualty insurers should report “improved” operating results this year, after being hurt by heavy catastrophe-related losses and weak earnings in 2011, according to Fitch Ratings.
Not only do property-casualty insurance industry leaders believe the financial crisis is behind them, but they also believe rates are hardening, a new study finds.
The Lockton Monthly Update, which tries to forecast the property-casualty market’s pricing, has suggested twice in the last month that commercial insurance rates, at least in some sectors, are starting to harden.
The casualty market might be providing initial indications of a long-awaited hardening, although an expert warns not to read too much in to the latest report.
As an insurance agent for the past 15 years, I have never been more satisfied with my job of helping our seniors maneuver through the enrollment process of Medicare.