Non-public P&C insurance carriers are reporting continuedrate increases, with direct-written premiums increasing 3.7 percentin 2011 compared to 0.3 percent in 2010, according to a report fromSNL Financial.
The SNL report, based on companyfilings with the National Association of Insurance Commissioners(NAIC) by non-public insurance carriers, “finds more evidence ofthe turn in the pricing cycle previously observed by thecombination of agent surveys, retail brokers and regional,commercial-lines-focused insurers.”
SNL says its analysis was based on a review of managementdiscussions and annual-statutory statements filed withstate-insurance regulators, as well as annual reports by selectreciprocal exchanges, privately held stock companies and mutualcarriers.
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