Prior Information Notice: Soft market
testing exercise formation of an energy service company (esco).
Personal insurance rates have gone up by 2% so far this year, while commercial P&C rates have remained generally stagnant, indicating that the industry will have to continue preparing for a soft market
At the 75th percentile level, the very high retentions ($1 million and $2 million) still look to be the best choices, being immaterially higher in the soft market
and lower in the expected and hard markets.
Most industry analysts are predicting that the sheer volume and cost of 2011's cats will finally reverse the seemingly endless soft market
But program administrators continue to be plagued by the soft market
, which shows little sign of any hardening.
In fact, the market is so well capitalized that catastrophe losses would have to total more than $50 billion to spur a dramatic change in soft market
conditions, according to a "State of the Market" report by NAPCO LLC, a wholesale broker specializing in catastrophe property coverage.
We expected to see the soft market
continue into 2008," said John R.
Starting early is especially important in a soft market
as insurers introduce new policies and/or change terms and conditions to compete for your business.
Escalating energy costs, a rising Canadian dollar and a soft market
is being blamed for the layoffs at the 380-person company.
In August 2004, FTI's growing business enabled Hrobsky to take advantage of a soft market
and secure 93,000 s/f of contiguous space at 3 Times Square--one of the last significant second generation spaces since DoubleClick's 300,000 s/f at 450 W.
He speculated that the soft market
might be a result, in part, of ``titles that have not been as exciting as possible.
DENVER -- Valen Technologies, the turnkey predictive analytics experts for the property and casualty (P&C) insurance industry, has joined forces with Fiserv Insurance and TowerGroup to offer the insurance industry a webinar titled: Soft Market
Underwriting Analytics: Help When History Repeats Itself.