Severe weather is prompting P/C rate hikes, exec says

02/14/2013 | PropertyCasualty360

Higher property/casualty insurance rates are needed amid a trend of more severe weather, says Brian MacLean, president and finance chief at Travelers. "In the business we are in, we have to believe that this is a pattern and it will have some sustainability to it. So we have to take action," MacLean says.

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