(Source: Wells Fargo & Company) 2016 forecasts rate decreases in the mid- to- high single digits SAN FRANCISCO, Dec. 2, 2015 Despite rate reductions and low investment returns, commercial lines insurance is on track for positive underwriting gains in 2016. Favorable losses across most insurance lines and lack of multiple catastrophic property losses are driving this trend, according to the annual 2016 Market Outlook issued by Wells Fargo Insurance, part of Wells Fargo & Company (NYSE: WFC). The report forecasts market conditions for a wide variety of product segments, including liability, workers’ compensation, environmental, international, technology, and cyber. “2015 was another buyer’s...
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