NU Online News Service, Oct. 26, 2:44 p.m. EST
Many of the factors that need to be in place for a property and casualty market turn are not—at least not to cause the type of sharp turn toward a robust hard market, says economist Robert Hartwig.
Hartwig, president of the Insurance Information Institute, says four criteria must be met for a market turn: sustained underwriting losses, material decline in surplus and capacity, a tightening reinsurance market and renewing underwriting and pricing discipline.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
