Anonymous said...
As I soley work in providing solutions to the Temporary Staffing industry, I can attest without doubt that carriers are looking for premium dollars anywhere they can find them, even in very risky industries like Temporary Staffing. The premiums in this industry are starting to bottom out and carriers are really taking risks on the business and ignoring loss pic. If this is happening across all industries I cannot see the market continuing at this pace for much longer.
June 24, 2008 6:10 AM
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Tuesday, June 24, 2008
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(With respects to the US Market) We are seeing signs now that the insurance market is going to start to harden. Carriers are taking underwriting losses and are not making up the difference in investment income. Premiums have decreased substantially over the past 2 to 3 years. I beleive that we are going to see those premiums stabilize over the next 6 to 12 months and start to increase in the next 12 to 18 months. If we see an increase in domestic catastrophe's I beleive that it will expedite the hardening market.
ReplyDeleteThank You, Robert Engles
(623) 215-1380
REngles@MahoneyGroup.com