The article deals with the opinions of underwriters and brokers on the status of marine insurance market in the U.S. According to Nigel Fitzgerald of Liberty International Underwriters, the market can be seen to be firming somewhat after tepid rate hikes in years past. Willis Marine's Richard Close-Smith said marine rates have been flat. Rate hikes have generally been well below 10% for hull risks, while cargo coverages continue to see firm or declining rates.
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