Execs: P/C insurers are not experiencing a traditional hard market

04/23/2012 | Insurance Journal

Rates for property and workers' compensation insurance are increasing, but property/casualty insurers are not yet experiencing a "classic" hard market because other conditions of a traditional hard market are not evident, industry executives say. "There are multiple markets out there," says Eric Anderson of Aon Risk Solutions, adding that terms and conditions of insurance coverage "are still very competitive" and that customers are getting the limits they require. "If you have to ask [if there is a hard market], the answer is 'no,' " Anderson says.

View Full Article in:

Insurance Journal

Published in Brief: