Though the general liability line of insurance has produced industry-wide combined ratios below 100% for the past two years, the next couple of years will see general liability premium reductions lessen in severity, gradually leading to a modest increase by 2010, according to Mark Jablonowski, analyst at Conning Research & Consulting.

"However, losses and expenses are forecast to grow more quickly, with a resulting rise in combined ratios reaching 107% by 2010,” he says. “In the longer run, the future of the general liability insurance market will play itself out between the cumulative effects of small to moderate losses, and the rising prospect of mega-risks."

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