Fairfax Financial’s P&C rates ‘fairly good’, trending above loss costs: COO Clarke
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Fairfax Financial’s P&C rates ‘fairly good’, trending above loss costs: COO Clarke

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Aggregate rates for property and casualty are in the 6% to 6.5% range, putting them above loss costs, Fairfax Financial COO Peter Clarke told analysts on the company’s Q2 earnings call Friday.

The COO noted that despite being able to get rate in excess of inflation, particularly social inflation, the carrier is watching casualty lines “very closely” as there is ongoing development in the 2014 to 2018 accident years.

“It's

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