P&C market outlook for 2012
Partly sunny with clouds mixed in and intermittent periods of rain; heaviest near the coast. This may sound like the weather forecast for today in New England, but it also served as the outlook for commercial buyers of Property & Casualty (P&C) insurance.
When researching this year’s market report, we discovered that Reinsurers have become much better at analyzing data from the many different lines of coverage to determine which are unprofitable. This, in turn, has Insurers taking more proactive measures to address those specific situations. The general result is a push for higher rates in 2012 in most areas.
WGA coverage experts take a look at each Property, Casualty and Management Liability line of business in the 2012 Market Forecast. We encourage a review of the full report, please click here to view.