Commission Rates Cut In Hard Market
By Sam Friedman
NU Online News Service, Oct. 11, 9:30 a.m., Boston--Excess and surplus lines brokers have traditionally been the cavalry riding to the rescue of independent agents in a hard market. However, a flood of submissions, a dearth of capacity, and a focus on cost cutting these days means E&S intermediaries don't have the horsepower to save every retailer in trouble, a report by A.M. Best indicates.
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