Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A growing uncertainty pervading nearly every industry and company, no matter its size–not only in the United States but worldwide–has set the stage for a volatile commercial insurance market for buyers facing renewals this year and next, top risk managers and service experts report.

The outlook was summed up by Lance J. Ewing, vice president of risk management at Harrah’s Entertainment Inc., headquartered in Las Vegas, Nev., who suggested it might be time for buyers to adopt a “foxhole mentality” in protecting their organizations.

“The current insurance market is in a state of confusion,” said Mr. Ewing, former president of the Risk and Insurance Management Society. “We’re in uncharted territory now from a risk perspective. The usual ebbs and flows will not apply to the renewal market in 2009 and possibly into 2010.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.