NU Online News Service, July 21, 3:58 p.m. EDT

While property and casualty premium growth is expected for 2010, it will likely lag real gross domestic product growth rate as commercial lines pricing continues to show softness, according to a new Conning Research & Consulting analysis.

Conning said it expects premium growth to be stronger in 2011 and 2012, but noted that underwriting results "will likely get worse before they get better."

The Hartford, Conn.-based firm said, "Rising losses and related falling returns on capital will be the catalysts to drive insurers to firm premium rates."

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