Stable casualty insurance pricing coupled with rising property insurance rates prevailed in commercial lines in the first quarter, according to an analyst's report.
The Bank of America analysis also found that rates for both directors and officers [D&O] and general liability coverage remained stable, while workers' compensation insurance remained competitive.
"Retentions were flat across all lines, but limits rose in both property and D&O, reflecting increased demand for coverage on the part of the corporation," said analyst Brian Meredith.
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