The market will harden–eventually–but a cycle turn is not in the cards for 2010, according to the consensus view of NAPSLO members attending the Mid-Year Leadership Forum who shared their views with NU's E&S/Specialty Lines Extra.
Indeed, most surplus lines insurance company and brokerage executives responding to our informal poll said they're ignoring the indications of the barrage of market surveys, barometers and price monitors, resigning themselves instead to deal with whatever conditions come their way.
"I've heard others predict that [the hard market] is already here, or that it's coming very quickly. I don't see that right now," said Jonathan E. Michael, chief executive officer of RLI Corp. in Peoria, Ill.
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