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Commercial Rates: Looking Good on a Global Level

from PIA Western Alliance

Marsh's recent Global Insurance Marketing Index has good news for commercial insurance. For the third straight quarter rates have gone up. Part of the reason is the near catastrophic catastrophes experienced in 2017. Property rates — driven by financial and professional — averaged 2.3%. Financial and professional jumped an average of 3.3% and saw the biggest increases. Marsh's report says they are driven by increases in directors and officers insurance (D&O). more

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