National Underwriter P&C magazine recently reported that the soft insurance market is showing no signs of reversing as abundant capacity combined with diminished demand combines to keep a downward pressure on rates. This is the seventh consecutive year of soft overall market conditions. At the same time, forecasters are calling for a more active than normal Atlantic hurricane season with fifteen named storms, eight hurricanes, and four “major” hurricanes. Read this article for more details.
Soft Insurance Market Persists; Active Hurricane Season Forecast
