Property, casualty insurance rates may fall in 2007, experts say

03/5/2007 | American City Business Journals

Some analysts expect property and casualty insurance rates to fall up to 20% in 2007. Insurers paid out fewer claims for catastrophic losses than they expected in 2006, says Scott Moore, property practice leader at Marsh, a New York risk consulting firm. "We didn't have the catastrophic losses people anticipated; therefore, underwriters made money. That bodes well," Moore says.

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