HONOLULU–Property insurance rates have risen in Southeastern U.S. areas hit by 2005 hurricanes but are unchanged elsewhere, confounding expectations, according to publishers of an industry survey.
David Bradford, editor-in-chief at Advisen, Ltd., discussing the Risk and Insurance Management Society Benchmark Survey said, “What we see has very definitely been driven entirely by the Southeast.”
The survey revealed current policy renewal prices as reported by corporate risk managers on their first-quarter results.
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