The withdrawal of significant underwriting capacity in a market usually marks an inflexion point for pricing — particularly if it is clear that the retreat has been prompted by volatile results. Yet the recent withdrawal of some long-established providers from the pollution legal liability market has seemingly encouraged more competition, and prices have continued to fall.
However, at the same time the reported hardening of prices in environmental casualty combined classes may yet prove optimistic.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
