Survey: Rates Flattening; Marsh CEO Says Don’t Rely On Hard Mkt. For Profit

A broker survey reveals further signs that the commercial property and casualty market’s long soft-market cycle may be grinding to a halt, but one executive says well-run insurers shouldn’t have to rely on a hard-market swing to make a profit.

The Council of Insurance Agents & Brokers released its second-quarter 2011 Commercial P&C Market Index Survey, in which half of respondents say they saw “no change” or a 1 percent to 10 percent price increase for all size accounts across the country.