More Insurers, Less Restrictions Seen

William Newton is aware of the general swell in competition throughout the property-casualty market, but the veteran broker for West Coast contractors liability wasn’t expecting to see similar trends in residential construction just yet. The increased competition on residential contractors liability business is “incredibly surprising given the loss experience that this class of business has had over the last 10 years,” said Mr. Newton, president of the National Association of Professional Surplus Lines Offices, Ltd.