According to the latest issue in our monthly newsletter series, Marsh Insights: PowerLines, insurers remain reluctant to agree to rate reductions. However, capacity remains abundant for most insureds due to competition in the marketplace, driving strong results.  

Marsh Insights: PowerLines also notes:

The property insurance marketplace continues to see renewals between flat to 15 percent increases for both CAT and non-CAT exposed accounts.

For many power and utility insureds, we have also experienced modest casualty renewal increases, typically 3 percent to 6 percent from the mutuals. Results with stockholder-owned insurers are mixed.

About Marsh Insights: PowerLines

PowerLines is a Marsh quarterly publication produced by our Power & Utility experts as a resource for clients.  Our goal is to provide insight into current industry trends, including the four major coverages: property, casualty, financial and professional that may affect current market conditions. As a client of Marsh's Power & Utilities practice, you have direct access to the largest network of recognized Powerbrokers.™

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