Survey: This Insurance Market Has Legs
NU Online News Service, June 11, 4:26 p.m. EDT?The hard market for property-casualty insurance will be longer lived than a similar cycle in the 1980′s even as the pace of price increases slows, an investment bank rate survey has found.
The survey, conducted by New York-based investment bank Fox, Pitt, Kelton, had 70 respondents from large and small agencies and brokers. The majority of respondents had less than $10 million in property-casualty commission income in the past year, said Dan Baransky, research associate at Fox, Pitt, Kelton, who compiled the survey results.
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