If you are in the commercial lines trenches, especially surplus lines where AIG prowls, you know pricing is down more than 3%. The stupidity is currently at it’s peak. If this industry does not want to become the doormat that the rest of the financial services industry is, then we need DOUBLE DIGIT RATE INCREASES NOW!
and we are still seeing anywhere from 5-10% drop depending on the carrier. It’s still “silly season” out there. Young underwriters I guess have to see it through. Fill the bucket and then “EMPTY THE BUCKET” that’s when the young ones leave, LOL
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If you are in the commercial lines trenches, especially surplus lines where AIG prowls, you know pricing is down more than 3%. The stupidity is currently at it’s peak. If this industry does not want to become the doormat that the rest of the financial services industry is, then we need DOUBLE DIGIT RATE INCREASES NOW!
and we are still seeing anywhere from 5-10% drop depending on the carrier. It’s still “silly season” out there. Young underwriters I guess have to see it through. Fill the bucket and then “EMPTY THE BUCKET” that’s when the young ones leave, LOL