Specialty Insurance Stocks Take The Lead
No legal business we know of has the kind of pricing powerenjoyed by property-casualty insurers today. That ought to meangood news for investors in insurance stocks. After all, what's notto like about the most favorable supply/demand scenario indecades?
Indeed, depending on whom you talk with, p-c insurers have nowenjoyed two, three or even four rounds of annual rate increases.And while property rates have flattened out at adequate levels,rate hikes in casualty lines continue to power ahead at a healthyclip.
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