Brokers attending an insurance industry meeting today were divided over how bad conditions are in the current downward pricing swing.
Their opinions were aired as insurance broker Willis Group Holdings sponsored one of its continuing series of forums. This session focused on the mid-year insurance marketplace, with a review and forecast on five market segments: property, casualty, employee benefits, directors & officers, and environmental lines.
Suzanne Douglass, property practice group leader for Willis, voiced a very pessimistic assessment.
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