RIMS: Rates flat in Q4

Via Business Insurance.

D&O rates fell 4.6% overall, 5.1% for large companies and 2.4% for small companies.

GL, property and workers comp policies renewed at no change.

But these are renewals at already low rates:

“We have seen more carriers exercising underwriting discipline—walking away from business that does not meet their pricing targets—but it is still a very competitive market,” Robert Cartwright, loss prevention manager for Bridgestone Americas Holding Inc. in Exton, Pa., and a member of the RIMS board of directors, said in the statement.

He said that while premiums have stabilized in recent quarters, they still lag 2003-2004. “In some lines, they are back to where they were during the soft market of the 1990s. It remains a buyer’s market,” Mr. Cartwright said.

Tagged ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: