Messy commercial rates picture emerges from uneven Q2 disclosures
Commercial lines rates held up better than expected in the second quarter, with a number of instances where disclosure pointed to a re-acceleration of rate rises, according to management commentary on recent earnings calls.
Earlier in the year, carriers forecast a slow deceleration of rate increases this year, with factors like economic inflation, the Ukraine-Russia conflict and social inflation inhibiting a rapid drop off in pricing.
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