If there's a common thread among underwriters and insurancebrokers serving the growing allied health industry, it is fiercecompetition triggered by a soft property and casualty market andexcess capacity, experts contend.
The market is also being squeezed by admitted carriers enteringan area previously dominated by nonadmitted carriers.
“We're definitely in a softer, more competitive market than twoor three years ago, and we're seeing a tremendous uptick in healthcare facilities opening new businesses,” observed PhilipTwietmeyer, senior vice president, middle markets, with ACE MedicalRisk in Philadelphia.
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