NU Online News Service, July 17, 3:36 p.m. EDT
Property rates continued to climb in the 2012 second quarter, rising an average 3.1 percent overall and 5.3 percent for catastrophe-exposed risks, according to Marsh's latest Benchmarking Trends report.
But Duncan Ellis, Marsh's property practice leader, says the rate environment is "definitely not a hard market" in the traditional sense of the word.
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