Property and casualty insurance rates increased by 5 percent last month

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Florida insurance market reaches cr...
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According to MarketScout data, the prices rose in April for policyholders of commercial products. According to a report from MarketScout, the rates for commercial property and casualty insurance rose by an average of 5 percent in April 2013, when compared to the rates that were being charged a year before. It was workers compensation and commercial property that saw the largest increases over a year. The commercial property and casualty insurance and workers compensation saw a combined average rate increase of 6 percent. Surety and employment liability coverage each increased…

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Moody’s predicts MMC to hold its position at top of market

  Moody’s has announced that it predicts that Marsh & McLennan Cos. Inc. will maintain its current leading position in its main function as an insurance broker and consultant, as it seeks to make improvements to its business performance so that it can gain further hold in the marketplace.  Lead analyst for Marsh & McLennan at Moody’s, Bruce Ballentine, said that they forecast “MMC’s credit metrics to benefit from restructuring steps and debt reduction achieved over the past few years.”  He went on to explain that the stability of the…

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