As we approach the end of 2020, we take this opportunity to present USI’s Q4 2020 Property & Casualty Market Outlook and discuss some of its findings:
Continued uncertainty from potential COVID-19 related cases, higher than normal judgements, developing CAT losses, and additional factors have insurers raising rates, lowering capacity, limiting or transferring risk, and taking a harder look at risk profile. Even insureds with a lower risk profile are facing much closer underwriter scrutiny as well as higher rates and retention.
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