Insurance brokers are using many terms to describe the commercial insurance market’s current condition, but unless you’re placing a property risk sitting in a catastrophe zone, “hard” is not one of them. Still, the absence of a major disaster so far this year–coupled with higher prices for property-catastrophe risk–is liable to result in sky-high insurer profits, likely prompting increased competition among insurers in the year ahead, producers say.

Even worse–for sellers, not buyers–not satisfied with competing against one another, the appetite of standard lines carriers is growing to include markets they had shied away from, brokers suggest.

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