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Renewal rate reality: 2015's declines

from PIA Western Alliance

Marsh recently came to some conclusions about rates in the fourth quarter of 2015. In some business lines — the giant insurer concluded — renewal rates fell as much as 15 percent when compared to the fourth quarter of 2014. Competition, fewer catastrophes and too much capacity are the reasons and they will continue to shape insurance and reinsurance rates in the foreseeable future. more

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