NU Online News Service, April 4, 1:50 p.m. EDT
While property and casualty insurance premium rates are on the upswing, there is no concrete evidence that the end of the soft market spells a hard market turn because financial indicators have not reached a tipping point, says an insurance analysis firm.
The Windsor, Conn.-based ALIRT Insurance Research, LLC released its “Year End 2011 P&C Industry Review” that says in several financial areas the insurance industry performed poorly last year, but the unusually large number of catastrophes last year may account for the pessimistic results.
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