NU Online News Service, Dec. 2, 9:34 a.m. EST
Property and casualty insurers will need to increase rates in 2010 as they will continue to see poor returns on their investments next year, a Swiss Re economist said.
Thomas Hess, Swiss Re's chief economist, advised that while the non-life insurance industry fared well through the worst of the financial crisis, there "will need to be a hardening in the primary market."
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