Although the ongoing soft market hasn't been a big hit withcarriers, who are doing their best to stay competitive whilemaintaining underwriting discipline, corporate insurance buyers aregiving glowing reports.
Michael Liebowitz, director of insurance and risk management forNew 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, thisyear buyers are not only able to drive down the price “from adollars-and-cents perspective,” but they are also seeing expansionsin coverage.
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