Inflation May Be ‘Monster' Looming for Insurers, Sullivan Says

"Property and casualty insurers and reinsurers are unlikely to raise rates this year as the industry has substantial reserves even after the earthquake and tsunami in Japan and U.S. tornadoes fueled worst first-half for insured losses on record, Dominic Christian, co-chief executive officer of Aon Benfield Group Ltd. said at the conference today."