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International

Cat-exposed property business to see price increases of up to 25%

November 28, 2023 Reprints

According to U.K.-based Willis Towers Watson PLC, catastrophe-exposed property businesses are expected to see price increases of between 10% to 25% in 2024, Reinsurance News reported. The insurance broker warned that while commercial line price increases have begun to stabilize, property and casualty insurers are heading into an uncertain environment in 2024.

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Cat-exposed property business to see price increases of up to 25%

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