P-C Sector Future Called Murky
NU Online News Service, Feb. 25, 10:25 a.m. EST?Property-casualty insurers as a whole are enjoying higher profitability, but continuing problems are dogging the industry, which suggests its future may be lass than sparkling, according to Ernst & Young consultants.[@@]
The firm's examination of the financial services industry found it unlikely that p-c rate hikes will continue for much longer, although they will continue this year. On the commercial side, rate increases visibly moderated last year, according to the report written by Peter Porrino, E&Y director of insurance industry services.
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