After hurricanes, FM Global to raise rates 10% to 15%

Factory Mutual Insurance Co. in Johnston, which operates under the name FM Global, will raise prices an average of 10 percent to 15 percent after a record hurricane season, Chairman Shivan Subramaniam told Bloomberg News earlier this week. The company, owned by its policyholders, anticipates boosting rates across the board, Subramaniam said in an interview…
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