Commercial insurance buyers are likely to enjoy another year of favorable pricing, according to a new report from Advisen, although the monthly “Market Barometer” survey indicates that rate cuts in certain key lines are either flat or moderating.
“It's increasingly looking like the soft market's going to continue, at least well into 2011, unless something rather dramatic happens,” Dave Bradford, an Advisen executive vice president and author of the briefing, told National Underwriter.
Does this mean more good deals for commercial lines buyers? “Absolutely,” he said, “at least through 2010. There's nothing right now that suggests pricing is going to harden any time in the foreseeable future, but there are too many moving parts to project it out too far.”
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