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Groundhogs See Soft Mkt. Shadow?

Could this be the first signal of a softening market? The industry “groundhogs” who were rounded up by the Insurance Information Institute for their annual forecast about premiums and combined ratios, on average, forecast a 12.2 percent increase in net premiums written this year.

That’s certainly quite healthy (for sellers, not buyers) by historical standards, but actually comes out below last year’s average estimate of 14.0 percent, and represents the first deceleration since 1998.

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