The changing risk profile of energy risks should be driving rate increases, but high capacity in the marketplace and surprisingly few losses are keeping prices down, says a report from insurance broker Marsh.
"Are we at the critical point of inflection for the markets? There seems a compelling case for it," says the report. "Certainly many underwriters hope so; some believe it."
However, the broker's analysis of the energy-industry sectors "points to business as usual," which is a disappointment to commercial carriers and "good news for energy-insurance buyers looking for a more stable environment."
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