NU Online News Service, Jan. 2, 2:12 p.m. EST
The protection and indemnity market, a broad type of marine legal-liability coverage, delivered a blockbuster financial performance last year, but poor investment returns and increased claims will spell premium increases for 2012.
In a 50-page “2011 Protection and Indemnity market report” issued by Willis Group Holdings, the insurance broker says the 2010-2011 period was benign for claims compared to the previous year.
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