Market Hardening In A Hurry, Brokers Say
More evidence has come out indicating that it is getting tougherfor commercial lines accounts to find insurance among primarycarriers, and they are increasingly turning to the alternativemarket for help.
The Council of Insurance Agents and Brokers released a benchmarksurvey last week that found insurance carriers tightening policyterms and conditions “significantly” as rates continue their upwardspiral. These developments, brokers say, are forcing them to turnto alternative market vehicles to fill their clients' coveragerequirements.
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