Lockton prepares clients for property price increases

Lockton has begun setting expectations for property clients
post-HIM by warning that carriers are pushing for rate rises of at
least 20 percent on loss-struck cat-exposed accounts,
The Insurance Insider can reveal.
The Kansas City-based retail broker sent out a client advisory
earlier this week after meeting with two dozen of its
"key" insurance carriers.
These companies' leaders "unanimously" expect
property rates to rise, with most citing similar strategies that
were being put in place with im