Insurance industry professionals were in lockstep in defining the current construction insurance market as soft, or at least as experiencing some pressure in rates. Most, though, said they would still characterize the market as healthy–and rationally priced.
John Mentz, executive vice president of construction for Arch Insurance, said the market is soft but fair. He said that contractors' individual experience is driving rates, in addition to the general insurance market cycle.
Mr. Mentz said industry results have been good, there is capital building, and there is more competition. "A big part of [contractors'] insurance costs are workers' comp, and workers' comp results continue to be good and continue to get better."
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.
