Rates on Commercial All Risk Property policies saw across-the-board increases in January, climbing by nearly 6 percent in some cases, says insurance broker Marsh.
In its “Marsh Insights: Benchmarking Trends,” Marsh says rates rose an average of 5.3 percent last month on all renewals based on its Global Benchmarking Portal for January 2012.
Catastrophe-exposed risks experienced the sharpest increase, with average increases of 5.7 percent. Non-catastrophe exposures rose 5.2 percent on average.
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