groundhog.jpg
The Insurance Groundhog popped out of his hole on schedule this morning, but to the disappointment of carriers as well as their agents and brokers, but to the joy of risk managers, our furry friend did not see any substantially hardening market by spring–or perhaps even by fall, for that matter!


As I indicated, whether this is good news or bad depends on your point of view.

Carriers desperate for top-line growth at a time when their investment income is tanking were hopeful the Insurance Groundhog would see double-digit rate hikes in the immediate future. I'm sure their agents and brokers–while honor-bound to get the best coverage at the lowest price for their clients–wouldn't mind seeing premiums rise to boost their commission income during these trying times.

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
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.