While executives on third-quarter-results conference calls say they are seeing improvements in the rate environment, Insurance Information Institute President Robert Hartwig believes the stars are not quite aligned yet for a market turn—and a recent report suggests the impact of rate increases in 2012 could be tempered by expectations of low investment yields.
Speaking to analysts on a conference call, ACE Ltd. CEO Evan Greenberg said September was the best month for pricing this year.
But some companies continue to write irresponsibly, he noted: “They don’t know any better. I’m convinced many of them don’t know the difference between what’s an adequate or inadequate price.”
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