Survey: Insurers look to boost premiums, profits as market changes

11/6/2012 | PropertyCasualty360

Property/casualty insurers are becoming more selective in underwriting risks as they look to raise premiums and improve profitability, giving signs that the market is starting to harden, according to a survey. "While we did not include agent and broker responses in the survey findings, given the response rate was statistically smaller, the sentiment this group provided was in line with their counterparts at commercial-lines carriers -- that they were experiencing a hardening market even before Hurricane Sandy," one expert said.

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