SCOTTSDALE, ARIZ.–Insurance executives interviewed at an industry conference here said an end to the slide in insurance rates will not come soon, and the current U.S. economic climate is exacerbating conditions.
Their comments came at the 82nd annual meeting of the American Association of Managing General Agents. In several interviews conducted by National Underwriter over the four-day event that concludes today, industry executives opined there is no quick end in sight for the soft market, and some said they believed there will not be a course change through next year and possibly the year following.
During an AAMGA executive board press conference Monday, one of the topics discussed was the state of the market and how MGAs are dealing with it.
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