Analysts See P&C Insurance Rate Increases Continuing in 2014

By David Dankwa, Senior ReporterNEW YORK CITY - The uniform rate increases in the property and casualty insurance industry, and in particular long-tail lines such as workers’ compensation, are expected to continue for the next 12 months as insurance companies come under increased pressure from low interest rates.That projection appears to be the general consensus of Wall Street and rating agency analysts who participated in Standard & Poor’s Annual Insurance Conference this week.The low interest rate environment makes insurers' unsatisfactory combined ratios less forgivable...