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Insurance Rates Unlikely to Rise a Lot Even If Hurricane Season is Above Normal: Fitch

June 2, 2016

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Hurricane forecasters may be split on whether the 2016 Atlantic hurricane season will be above average or normal, but even a higher level of storms might not boost property insurance prices to levels seen in prior market cycles, according to Fitch Ratings.

“A large catastrophic hurricane in 2016 would likely promote a shift towards positive pricing movement following years of property insurance pricing declines in the U.S. property/casualty market,” Fitch said this week.

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