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London PI market expects continued rate hikes


A survey by U.K.-based law firm Clyde & Co. LLP found that 88% of insurance executives polled expect professional indemnity rate hikes to continue over the next 12 months, Reinsurance News reported. Meanwhile, more than 60% of respondents expect that inflationary pressures and broader economic trends would have an impact on the volume of PI business underwritten in the London market.

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