For the two major inland marine lines, construction and trucking, the challenges that have faced the marketplace for the last two years–the economic downturn, along with stubbornly soft insurance pricing–continue to spur intense competition for a shrinking exposure pie, with little hope for a quick turnaround.

Has the federal stimulus package helped revive the construction sector? Somewhat. Is the residential construction market recovering? Not really. Is the steady stream of new entrants into the marketplace continuing or leveling off? Depends on who you talk to.

For contractors in the construction segment, Mike Berg, who oversees Allianz Global Corporate and Specialty's inland marine operations, said the situation has changed very little. “They continue to be impacted by the economy,” he said.

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