NU Online News Service, Oct. 18, 3:03 p.m. EDT
Insurance pricing remains extremely volatile, affecting the growth of insurance agencies and brokerage firms, says the chief executive of Brown & Brown, and lending to the continued struggle at the firm to grow organically.
Discussing the Daytona Beach, Fla.-based insurance firm's third-quarter financial results today with financial analysts, J. Powell Brown, president and chief executive officer calls the current insurance market "inconsistent" with carriers asking for more information on renewals and paying greater attention to underwriting risks. Some carriers are willing to walk away from business, he says.
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