RJ and Makay

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Nearly half of all property insurance renewals in the fourth quarter have been at higher prices, according “Benchmarking Trends—U.S. Property Rates, 4^th Quarter” (to date), a Marsh survey report released Friday.  The survey indicated that 29% of clients renewed with increases between 1% and 10%, and 11 % experienced renewal price rises of between 11% and 20%.  8% had increases of more than 20%.