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Now that losses and expenses are outpacing premium growth for many insurers and reinsurers, carriers will likely attempt to push through higher pricing in property and affiliated lines. (Photo: Shutterstock)

While 2017 was mostly a buyers’ market for both property and casualty commercial insurance and affiliated lines, rates across lines could rise this year due in large part to the industry’s estimated $85 billion to $100 billion in total losses from Hurricanes Harvey, Irma and Maria, not to mention wildfires, hail, and tornadoes, according to USI’s “2018 Insurance Market Outlook.”

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Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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