With each new year, there is the hope that the previous year's problems will fade into the distant past. Often, however, the reality is that those issues remain present challenges.
For independent insurance agents and brokers, the soft market and the slow economic recovery are just two obstacles to growth that are continuing into 2011.
"Brokers have taken a beating from depressed written premiums," Advisen, a New York-based research firm, said in a mid-December 2010 report, noting, however, that cost control and headcount reduction have helped brokers to offset some of the loss in commission income they experienced as a result of the soft market and recession last year.
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