More Signs Of Premium Moderation
The Council of Insurance Agents & Brokers quarterly survey of brokers indicates that premium increases are beginning to moderate, but indicators are not pointing to a softening market, according to CIABs president.
"Leveling does not mean a soft market is returning," said Ken A. Crerar, president of the Washington, D.C.-based association, in a statement. "Industry analysts say the hard market is likely to last another 18 months, and brokers expect modest increases to continue in most lines with no great decline in rates."
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