Insurance analysts believe a limited amount of hard pricing in the marketplace is still possible, but less than was earlier expected, according to a report from an industry economist.
The survey of industry prognosticators, which foresees shifts of capital from the casualty sector's softening prices and more interest in the hardening property and reinsurance markets, was produced by Robert P. Hartwig, senior vice president and chief economist for the Insurance Information Institute.
I.I.I.'s annual Groundhog Forecast found analysts believe premium prices will rise 3.8 percent in 2006, up from an estimated 1 percent in 2005, writes Mr. Hartwig.
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