U.S. Insurance Market Report 2012: Manufacturing
Published: 07-Feb- 2012 | Comments: 0
Highlights from the manufacturing section of the U.S. Insurance Market Report 2012 include:
- The economy remains a major concern for manufacturers.
- The insurance markets for the manufacturing sector generally remained soft at the end of 2011, although carriers were typically less willing to reduce rates beyond single digits unless extensive marketing was undertaken.
- Some insurers attempted to increase rates, generally by single digits. Companies with negative loss experiences generally saw double-digit increases.