Changes In The Wind For Inland Marine
Somewhat sheltered, if not immune, from the volatility ofunderwriting cycles, inland marine has remained an oasis ofstability in a turbulent and at times super-competitive insurancearena, consistently contributing about 2 percent of the industry'stotal property-casualty premium base.
But this profitable line, which has consistently outperformedthe p-c business as a whole, is changing. This market has begun toshrink as companies seek to extend their share of a mature businessand achieve savings through mergers and acquisitions.
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