HENDERSON, Nev.–Trying to figure out what the future holds in the midst of the current economic crisis has many at the Council of Insurance Agents & Brokers conference asking questions about the future with no real answers in sight.
In interviews during the CIAB's 95th annual Insurance Leadership Forum conference here, a few brokers said the financial difficulties at American International Group brought on by the company's losses related to the subprime market meltdown has a lot of clients reevaluating their position with the insurer. Many are clamoring for information and an understanding of what their options are for the future.
While dealing with the fallout from AIG, there is a growing view that the market is turning to a flattening phase. Though no one was willing to predict a market hardening turn is in sight yet, the flattening could be a predictor of gradual increases over the next two years, one broker noted.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
