Hard Market Spills Over Into Personal LinesSales
Growing an agencys business in the rough-and-tumble personallines market is never easy, but in the current hard market, justkeeping customers on board is a challenge as insurance companiestighten their underwriting rules and restrict capacity.
In personal lines, agents say, the market can be very toughindeed, depending upon the claims climate, unique exposures andregulatory woes in a particular state. Homeowners coverage isdifficult in areas where mold or weather claims have become anissue. In auto, soaring claims and heavy-handed regulation incertain states have sparked an exodus of capacity.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
