A survey of Fortune 500 risk managers finds that most are willing to accept minor rate increases without making dramatic changes to their programs, according to an online survey released by Hanover Stone Partners LLC, a risk-management consultancy.
The survey, which covered 5 percent of the Fortune 500 and targeted Oct. 1 renewals, reviewed risk managers' buying decisions for Casualty, Property and Professional-Liability lines of business.
In Casualty lines, risk managers say rates for General Liability, Auto Liability and Workers' Compensation rose by as much as 10 percent. For Umbrella/Excess Liability and Global Casualty, increases ran as high as 15 percent.
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