To date, insurance pricing and conditions have remained stable, with flat or lower pricing being typical for the majority of insureds in the majority of coverage lines, notes insurance broker Marsh, which issued a report this week on the state of the P&C and reinsurance markets.
According to Marsh, a cornerstone of insurers’ overall stability has been the continuation of vigorous competition among insurers, which have generally weathered the economic storm as well or better than any portion of the financial sector.
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