Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Hard Market Has Legs

Anyone who thought the hard market couldn’t last is in for a rude awakening. As this week’s “2003 Insurance Renewal Report” reveals, prices will keep rising and terms will remain tight for the near future. Indeed, such conditions could continue on for the next couple of years.

Those who accuse the industry of price gouging are off base. For one, much of what the industry is gaining in premium volume, it is losing in investment income, thanks to a lackluster stock market and low interest rates. In addition, huge losses loom on asbestos, mold and terrorism. Thus, reserves must be strengthened.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.