With capacity high, commercial insurance buyers saw premium prices continue to tumble in the fourth quarter of 2009, with few signs that the soft market cycle is nearing an end, according to the RIMS Benchmark Survey.
The fate of health care reform legislation appears to be hanging in the balance in the wake of the upset election of a Republican from Massachusetts to the U.S. Senate.
Insurance agencies should not be surprised to see less compensation from carriers in the year ahead as many companies reassess their payment arrangements and require more business from them in a difficult economy.