CIAB: Premiums On The Rise

Premiums are continuing their upward spiral, prompting more risk managers to consider self-insurance, while large producers are becoming increasingly concerned about insurer solvency, a survey by the Council of Insurance Agents & Brokers has revealed.

The Washington-based Council’s “Commercial Insurance Market Index” for the third quarter, released last week, found that since July 1 premium rates overall have risen between 10- and 30 percent in more than half of the accounts that insurance brokers renewed between then and the end of September.

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