The softening commercial insurance market has spread into the large-property sector, according to wholesale brokers, forcing them to work harder to close deals, although independent agents expressed some relief at the easier time they now have securing adequate, affordable coverage for their clients.

There are two primary reasons for the current pricing climate, brokers point out–and one is related to the other.

First, the 2006 storm season was a quiet one, which the industry needed after record 2005 catastrophic losses (led by Hurricane Katrina) and the grand slam of four major hurricanes the year before.

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