NU Online News Service, Aug. 20, 2:03 p.m. EDT

Fitch Rating Service says property and casualty insurance rates will continue to rise through 2013, producing modest increases in industry net income, but a return to a sustained hard market is considered unlikely.

In a report released Friday, Fitch says that after suffering a period of severe losses in 2011 the “long-awaited shift to positive pricing momentum portends a sharp improvement in 2012 results.”

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