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Catastrophe Losses Up 7% in 2008, Making It One of Costliest Years for Insurers

International News • December 30, 2008
The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for insured catastrophe ...

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Subject: .....And the market is still soft !!!

Posted On: December 30, 2008, 9:40 am CST
Posted By: No harder 2day than yesterday
Comment:
EXCEPT for a few lines of coverage, or special classes, here and there, the market is no harder today than it was yesterday or 6 months ago. Supposedly, all of these carriers are seeing profits dwindle, no investment income, increased reinsurance premiums, lower exposure estimates, and one of the worst year's on record for catastrophes..... BLAH, BLAH, BLAH.... Indiana, West Bend, Cincy, Secura, Frankenmuth, Traveler's, Federated, Sentry, AmCOMP, ALL continue to BUY business as of 01/01 effective date. I can't believe some of the pricing we're seeing - even more aggressive than the past 3 or 4 months!!
Subject Posted By Posted On
RE: .....And the market is still soft !!! Sour graper
Dec 30, 2008, 5:08 pm
RE: .....And the market is still soft !!! nobody important
Dec 30, 2008, 10:14 am
.....And the market is still soft !!! No harder 2day than yesterday
Dec 30, 2008, 9:40 am
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