P/C insurance rates likely will continue to rise this year, expert says

03/27/2012 | PropertyCasualty360

Property/casualty direct-written premiums increased 1.3% last year, while the industry's direct-loss ratio rose to 67.5, indicating that insurance rates are likely to continue to increase this year, says Meyer Shields, an analyst with Stifel Nicolaus. "We see inadequate profits -- seen in the rising direct-loss ratios -- as the primary catalyst for 2012 rate increases," a Stifel Nicolaus report says.

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