No agent or broker would be surprised to hear that the property-casualty market is softening, except that property-catastrophe prices are soaring in disaster-prone regions and construction risks remain difficult to place. End of story, right? Not quite. In conversations with agents from different regions of the country, characterizing the state of the market is not as simple or universal as one might think.

So, before you race off with any general assumptions, beware the many speed bumps along the way.

For example, California is seeing dramatic improvements in what just a few years ago was a crisis in workers' compensation, which was being blamed for strangling the state's economy.

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