Will the inland marine line of insurance coverage become a victim of its own success? With new entrants bringing in new capacity, and existing carriers beefing up their inland marine capabilities, analysts fear that the good times could end with either a glut of players driving down prices, or some catastrophe that will ultimately separate the wheat from the chaff.
For the past three or four years, this specialty line has enjoyed "incredibly profitable results," noted Ron Thornton, president of the Inland Marine Underwriters Association in New York.
"Consequently, there are a number of new entities entering the market and established companies adding to their capacity," he said.
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