As early as October 2021, the credit rating agency Fitch has been predicting double-digit increases in property catastrophe rates for 2022. Beginning with contracts renewing in January 2022, catastrophe-related lines of business can expect to see reinsurance rates increase by more than 10 percent, per Fitch.
This follows a year of insured losses approximating $100 billion in U.S. dollars, and expectations of an increase in both frequency and severity of natural catastrophe claims.
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].
Copyright © 2024 ALM Global, LLC. All Rights Reserved.