In insurance, if you are getting rate over rate, that’s a good thing. If your rates are in excess of loss cost trends and your loss cost trends are stable, that’s an even better thing.
Travelers and WR Berkley Q1 earnings: Back to reality…

In insurance, if you are getting rate over rate, that’s a good thing. If your rates are in excess of loss cost trends and your loss cost trends are stable, that’s an even better thing.