X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

While the Market Barometer composite rate index for property and casualty insurance was down 4 percent at the close of calendar-year 2009, the head of the electronic insurance exchange that produces the monthly price report predicted an upswing by the end of this year.

Dallas-based MarketScout said an anticipated return to rate increases failed to materialize last year. However, 2009 began with composite rate reductions of 9 percent, only to slowly moderate throughout the year to close at an average decline of 4 percent in December 2009.

“The return to rate increases will come in 2010, but the full impact will not be recognized until 2011,” according to Richard Kerr, chairman and chief executive officer of MarketScout.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.