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US property rates climb as insurers face “serious cost pressures”: RPS

April 11, 2023

Analysts at Risk Placement Services (RPS) have cited how the US property market currently finds itself in turbulent times, due to a combination of internal and external factors affecting market dynamics, adding to pressures that are being felt by all aspects of the insurance value chain.

Chief among these is a hardening market in which increasing rates are seeing premiums rise greater than 50% for customers in certain sectors.

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