Although the ongoing soft market hasn't been a big hit with carriers, who are doing their best to stay competitive while maintaining underwriting discipline, corporate insurance buyers are giving glowing reports.
Michael Liebowitz, director of insurance and risk management for New York University, said, “It is so competitive and so flexible. It should be like this all the time.”
While last year “you could drive down the price,” he said, this year buyers are not only able to drive down the price “from a dollars-and-cents perspective,” but they are also seeing expansions in coverage.
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