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Hardened Market, Higher Insurance Pricing Expected as a Result of Recent Hurricanes: KPMG Survey

September 14, 2017

NEW YORK, Sept. 14, 2017 /PRNewswire/ — A KPMG survey of more than 300 senior insurance executives found that 44 percent of respondents expect the property market to harden in the short-term, with reduced supply and higher premiums, as a result of the devastation caused by hurricanes Irma and Harvey. Forty-seven percent also expect a short-term correction in primary insurance pricing, to be followed by a continuation of a soft market. The KPMG survey was conducted during the 29th annual KPMG Insurance Industry Conference.

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