RPS warns property rate reductions unlikely in 2022
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RPS warns property rate reductions unlikely in 2022

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Property insurance buyers should be cautious about expecting significant rate declines in 2022, according to according to RPS executive James Rozzi.

Rozzi, who specializes in large catastrophic placements and serves as an executive vice president in the wholesale broker’s San Francisco office, noted that many insurance carriers will struggle to make a profit this year, and that despite increased rates,...

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