NU Online News Service, April 7, 2:11 p.m. EDT
Analysts say a combination of factors is conspiring to make rate increases for both commercial and personal lines inevitable, possibly by the beginning of next year.
Loss cost inflation (the cost of claims) will force insurers to increase rates for personal lines, says Myer Shields, a financial analyst for Stifel Nicolaus, in an analyst's note.
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