Alan Kaufman, president and CEO of wholesale brokerage Burns& Wilcox, says the “economy is still very rough.”

“You may find some pockets [of increasing rates], and we arepleased to see that, but the hole was dug too deep,” he said duringa one-on-one interview at the National Association of ProfessionalSurplus Lines Offices (NAPSLO) Mid-year Leadership Forum inScottsdale, Ariz.

In other words, what news is a 10percent increase in premiums—if rates were slashed in half duringthe height of the soft market?

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