Filed Under:Agent Broker, E&S/Specialty Business

Homeowners’ Rates to Stay on Rising Course; More Risk to Fall to Surplus

Following Sandy, standard market could drop yet more policies in perilous locales

A clear consensus exists among insurance executives and experts when it comes to the Property insurance market: Rates were on the rise before Superstorm Sandy, and there’s certainly no reason the storm will stop that momentum.

“Rates had been on an upward trend,” says Robert Hartwig, president of the Insurance Information Institute. “Sandy will add to that pressure.” 

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