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PROPERTY INSURANCE RATES MIXED FOR 2013

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PROPERTY INSURANCE RATES MIXED FOR 2013 - property insurrance - property market - Canda


Business clients looking to buy insurance in coming months can expect to see a mix of rising and falling commercial property/casualty rates in 2013, says a new report by Willis Group Holdings.



The 2013 Marketplace Realities report found modest rate increases will be applied to casualty, executive risks and several specialty insurance lines. Declining rates for non-catastrophe-exposed property programs and other risk areas will help balance these increases.

Read: Buffer your business with sound insurance

For the property insurance market, 2012 has been a year of recovery from record-setting losses in 2011. But predictions of a hard market have not been borne out.

Issues such as low underwriting losses and the lingering weak economy are creating a flat marketplace.


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