NU Online News Service, Feb. 1, 3:09 p.m. EST
Insurance broker revenues are expected to grow modestly this year as the soft market and the fallout from the economic crisis continue to put a damper on earnings, according to a report from Fitch Ratings.
In its “2011 Outlook: U.S. Insurance Broker Industry,” Fitch said “competitive fundamentals” within the property and casualty insurance market coupled with limited demand for broker services from the economic crisis will be the primary drivers affecting brokers’ earnings in 2011.
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