NU Online News Service, Aug. 16, 3:22 p.m. EDT
Property and casualty insurance rates are on the rise. This point is indisputable. But reports released in late July through August seem unsure of whether the pricing trend will build into sustained underwriting profits during a period of rising loss costs and low investment returns.
On July 31, The Council of Insurance Agents and Brokers released its second-quarter Commercial Property and Casualty Index Survey, which put average rate increases for the period at 4.3 percent.
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