Terrorism Rate Hikes To Fall To Single-Digits

One high-profile line of businessterrorismearns a story of its own in this state of the market report, not only due to its controversial nature, but because another catastrophic loss would most likely impact not only pricing, capacity and terms in this individual area, but in the entire property-casualty market.

Absent another major event, agents and brokers as well as corporate insurance buyers queried for National Underwriters “State of the Market Survey” expect terrorism coverage prices to drop dramatically in the coming renewal. The survey was sponsored by Zurich North America in Schaumburg, Ill., and conducted independently by The Response Center, based in Fort Washington, Pa.

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