While most lines of insurance are showing signs of price declines, property risks are dealing with two extremes depending on geographic location and insurer appetite, a Marsh executive said.
Speaking during Marsh's Webcast today, "Property-Casualty Insurance--Market Update--Third Quarter 2006," Jill Dalton, managing director in Marsh's North America property practice, called today's commercial property market "bifurcated."
She said catastrophe risks are seeing increased deductibles, reduced limits, higher pricing and covered restrictions. The experience is worst for clients in hurricane-prone areas, but those in earthquake-prone areas are "catching up," Ms. Dalton reported.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
