Execs: Property/casualty market remains soft across several lines

04/23/2012 | Insurance Journal

Rates for property and workers' compensation insurance are increasing, but property/casualty insurers are not yet experiencing a "classic" hard market because other conditions of a traditional hard market are not evident, industry executives say. "There are multiple markets out there," said Eric Anderson, CEO of Aon Risk Solutions, Americas, adding that terms and conditions of insurance coverage "are still very competitive" and that customers are getting the limits they require.

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