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NAPSLO President Sees Moderate Hard Market Lasting For Three Years

When asked the million-dollar question of how long the hard market will last, NAPSLO President Tapley Johnson comes in with a prediction that he said is longer than those of his contemporaries–at more than three years.

Unlike other hard markets, “this has not been a sudden move,” he reasoned. “In 1985, some rates went up to the point where every person had to decide whether they were going to buy insurance or stay in business.”

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