Howden warns insurers over ‘extreme’ price increases as rates rise 16% in 2020

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Howden has warned insurers to remember that commercial insurance buyers won’t forget some of the “extreme” price increases currently being pushed through, as the market saw average increases of 16% in 2020. The broker’s Hard Times insurance and reinsurance market report, published after 1 January renewals, says that Covid-19, catastrophe losses, lower investment yields, climate change concerns and general risk…

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