The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State (PIA) has released the findings of its annual Market Trends Survey, conducted through January 2016.
The survey asked producers in the four PIA-affiliate states if their clients are experiencing increases or decreases on various lines of business (personal auto, homeowners, commercial property, and commercial liability) and whether their carriers' underwriting guidelines are tightening or relaxing over the past year.
Respondents told PIA that prices are rising, while underwriting continues to tighten — results that are consistent with the findings of the past four years. However, the extent to which respondents in the survey say they are experiencing this rise seems to have relented somewhat, PIA found.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
