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U.S. commercial property-insurance rates to climb, Marsh says

Posted on 26 January 2012

U.S. businesses will probably pay more this year for property coverage after insurers took losses from natural disasters and investment income declined, Marsh & McLennan Cos.’s insurance brokerage said.
Half of U.S. clients surveyed by broker Marsh Inc. said the cost of property insurance rose in the last six months of 2011, with increases of 10 percent or more among customers at risk of losses from catastrophes, according to a report to be released today by the New York-based company. That trend is likely to continue this year, the broker said………………………………………..Full Article: Source


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