The Fed-led interest rate increases anticipated likely have been included in increased discounting for longer-tailed commercial lines, but not at all in shorter-tailed personal lines.
Anticipation of no change to these developments by Market Scout ignores the real possibility of a major catastrophe in early or mid 2016 causing an abrupt change in rates, both property and casualty, in the latter half of 2016. Casualty line rate increases or ‘no changes’ will help multi-line companies offset cat losses in property lines.
Yogi, We haven’t seen reductions in pricing from our Commercial writers. We have been able to hold the line on renewals or talk them down from increases and higher deductibles on property.
The Fed-led interest rate increases anticipated likely have been included in increased discounting for longer-tailed commercial lines, but not at all in shorter-tailed personal lines.
Anticipation of no change to these developments by Market Scout ignores the real possibility of a major catastrophe in early or mid 2016 causing an abrupt change in rates, both property and casualty, in the latter half of 2016. Casualty line rate increases or ‘no changes’ will help multi-line companies offset cat losses in property lines.
Yogi, We haven’t seen reductions in pricing from our Commercial writers. We have been able to hold the line on renewals or talk them down from increases and higher deductibles on property.