By the numbers. (Briefing).Property/Casualty Market Barometer November November: see month. renewals were up slightly from October October: see month. . The full impact of the Sept. 11 attacks is expected to be seen after the Jan. 1 reinsurance treaty Reinsurance Treaty (June 18, 1887) Secret agreement between Germany and Russia. Arranged by Otto von Bismarck after the collapse of the Three Emperors' League, it provided that each party would remain neutral if either became involved in a war with a third nation, and that renewals. Some accounts are seeing 50% to 70% rate hikes, but the overall aggregate is 19%. [Graph omitted] [Graph omitted]
PROPERTY/CASUALTY MARKET BAROMETER
-- +50%
DESTRUCTIVE -- +40%
HARD -- +30%
HARDENING -- +20%
TIGHT -- +10%
STEADY -- 0%
SOFT -- -10%
AVG. P/C INCREASE 19%
Illustration by Karen McNamara
RELATED ARTICLE: Insurers Favor Stocks: The charts below show a sharp increase in stock holdings as a percentage of insurers' financial assets Financial assets Claims on real assets. . The increase through 1999 reflects both variable life popularity and insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. dependence on the bull market for investment income. In response to recent stock market troubles, assets have been moved increasingly to the credit markets. |
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