Jurys Out On Length Of Hard Market
It seems like it was over before it even began. No sooner did people start declaring the turn to a hard insurance market, than the predictions came flooding in that higher rates and tighter coverage terms would soon give way to soft market pricing and underwriting.
At a recent meeting of the Kansas City, Mo.-based National Association of Professional Surplus Lines Offices, Ltd., like every other industry conference in the past few months, a panel of experts gave the hard market, at most, a year-and-a-half-to-two years to play out.
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