NU Online News Service, Oct. 6, 11:04 a.m. EST
COLORADO SPRINGS, COLO.—Insurance carriers understand that there are no easy answers to the earnings challenge the industry is facing, and some of them believe that competing on price alone is not the answer to finding new commercial markets.
In an address earlier this week during The Council of Insurance Agents & Brokers' 98th annual Insurance Leadership Forum, Paul Krump, president of commercial and specialty lines for Chubb Group of Insurance Companies says insurers are experiencing significant pressure on their business.
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