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Personal Insurance

Personal Lines – Insurance Marketplace Realities 2024

Market conditions continue to deteriorate for personal lines clients. Recent storms have exasperated an already stressed market fleeing from years of persistent high loss ratios. Carriers have taken aggressive action to slow growth to focus on pricing risk appropriately. Regulators will need to allow more rate increases to free up capacity in CAT-prone states. Meanwhile, many clients will be forced to explore E&S options as the traditional market becomes constrained.

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