This year's insurance market prices should remain soft but relatively stable, just as they were in 2009, officials from Marsh predicted in a report released last week.
In its report–"Competition Nets Rewards. U.S. Insurance Market 2010: It's About Your Risk"–Marsh said the insurance market in 2009 reflected intense competition among insurers, increased capacity and fewer insured catastrophe losses, and is poised to repeat those trends again in 2010.
A few lines, such as directors and officers insurance for financial services, bucked the soft market trend, but generally the insurance market avoided the hard market predictions of earlier in the year.
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