Market Keeps Softening; ART Clout RisingAn annual survey of insurance buyers confirms that the market continued to soften during the first quarter of this year, especially in two major lines, but it also disclosed that the growing alternative market has caused a “fundamental shift in the infrastructure” of the overall insurance industry.

“What jumps out is documenting the turn in the rate increases and the fact that the rate of those increases has fallen off substantially,” said David Bradford, executive vice president of Advisen Ltd., the New York-based consulting firm that summarized the latest data from the Risk and Insurance Management Society’s “Benchmark Survey.”

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