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US coastal property bucking price decrease trend
08 March 2010
US composite rate down 5% for February. But coastal property rates in certain locations are firming, leading to rumours of new entrants to the market to take advantage of higher pricing.
The composite property/casualty rate was down 5% in the US for February 2010 following a consistent rate reduction pattern in most coverage classes, according to online exchange MarketScout. However, coastal property rates in certain locations are firming, leading to rumours of new entrants to the market to take advantage of higher pricing.
Richard Kerr, CEO of MarketScout, commented: “While property rates were down 5% on...
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