Buyers Face Challenges Galore
Corporate insurance buyers, who had been on cruise control for years during the long, soft market, are facing a host of challenges in what promises to be another very difficult year ahead. Among the hurdles they need to clear:
The hard market. Risk managers, CFOs and CEOs are going to have their hands full trying to contain soaring insurance costs, as well as compensate for shrinking limits and coverage, at a time when the heat is on to control expenses with the economy still in the doldrums.
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