Marsh execs: Insurers are not seeing broad-based market hardening

The property/casualty insurance market is experiencing a "targeted correction" of rates and not a price hardening across all insurance lines and geographical areas, according to Marsh executives. "Is it a hard market? I think not in the definitions we apply," Marsh CEO Brian Duperreault says. "... There is some benefit in some areas for carriers in terms of rate, but it is not across the board."

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Marsh Says It Only Sees Targeted Correction of Rates - Insurance Journal

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