Moody's reports its rated commercial lines insurers are indicating a reduced appetite for risk.
According to a survey by the rating agency, insurers "continue to indicate a moderate decline in risk appetite for 2013 for the commercial liability lines despite improving combined ratios."
Moody's concludes rate increases will continue in 2014 but the size of the increases are expected to "slowly taper off" given plentiful capacity in the marketplace, and as companies improve returns on capital.
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