The year 2011 was the second most costly for insured losses and included the highest-ever level of insured earthquake losses. According to a report from Marsh, this is the key driver of the rise of global property insurance rates in the first quarter of 2012.
The report, “Global Insurance Market Quarterly Briefing: Q1 2012,” indicates that global property insurance rates continued to firm in the first quarter of 2012 despite the absence of major natural catastrophes.
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