Cat insurance rates likely to rise up to 25%: Willis Towers WatsonReprints
A report by Willis Towers Watson P.L.C. predicted that catastrophe exposed property insurance pricing would rise between 10% to 25%, depending on whether accounts experienced losses during the recent hurricanes, Artemis.bm reports. "For those underwriters who need to dip into capital to fund their losses, the pressure to raise rates to replenish that capital could be unyielding," the report said. The report added that "still eager" alternative capital providers may dampen the upward pressure on rates.