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News |
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Market Update
Spring
2010 Pricing on Property remains stable, with modest reductions (in the neighborhood of 5%) seen on most renewals. The effects of the earthquake in Santiago, Chile will be known in the coming months, but indications are that the insured losses will be significant and will likely impact mostly London and other European markets. This, in turn will have a negative effect on reinsurance pricing, particularly in the area of catastrophic lines, e.g. California Quake and flood coverage in coastal areas. General liability has seen low single digit increases on placements with loss experience within acceptable ranges. Risks with adverse loss history are seeing double digit increases and vary depending on loss forecasts. Other casualty lines appear to remain stable, for now. |
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Stockbridge
Risk Management, Inc. |
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