EXCEPT for a few lines of coverage, or special classes, here and there, the market is no harder today than it was yesterday or 6 months ago. Supposedly, all of these carriers are seeing profits dwindle, no investment income, increased reinsurance premiums, lower exposure estimates, and one of the worst year’s on record for catastrophes….. BLAH, BLAH, BLAH…. Indiana, West Bend, Cincy, Secura, Frankenmuth, Traveler’s, Federated, Sentry, AmCOMP, ALL continue to BUY business as of 01/01 effective date. I can’t believe some of the pricing we’re seeing – even more aggressive than the past 3 or 4 months!!
I’m tired of the soft market because all of my companies tell me that htey underwrite better than the competition. Well that doesn’t get any business written in this market, unfortunately! This thing isn’t turning hard anytime soon. Not by what I see happening out there. Main street is like a red light district for insurance!
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EXCEPT for a few lines of coverage, or special classes, here and there, the market is no harder today than it was yesterday or 6 months ago. Supposedly, all of these carriers are seeing profits dwindle, no investment income, increased reinsurance premiums, lower exposure estimates, and one of the worst year’s on record for catastrophes….. BLAH, BLAH, BLAH…. Indiana, West Bend, Cincy, Secura, Frankenmuth, Traveler’s, Federated, Sentry, AmCOMP, ALL continue to BUY business as of 01/01 effective date. I can’t believe some of the pricing we’re seeing – even more aggressive than the past 3 or 4 months!!
That’s why we continue to have cycles. We never learn lessons in the long run.
I’m tired of the soft market because all of my companies tell me that htey underwrite better than the competition. Well that doesn’t get any business written in this market, unfortunately! This thing isn’t turning hard anytime soon. Not by what I see happening out there. Main street is like a red light district for insurance!