Insurance pricing rises 20% in the Pacific: Marsh

Posted On: Feb. 18, 2020 4:57 AM CST

U.S.-based insurance broker Marsh & McLennan Cos. Inc. said that insurance pricing in the Pacific region increased 20% in the fourth quarter, Asia Insurance Review reports. Property insurance pricing rose 18%, while casualty pricing went up 6% during the quarter. Financial and professional liability pricing increased more than 25%