Richard Kerr, CEO of MarketScout, is a shameless tease! In commenting on his firm’s latest Market Barometer survey, he asserted “there are still three large, admitted, publicly-traded insurers clamoring for premium, seemingly at any rate and continuing to prolong the soft market.” But he refuses to name the three stooges! Can you guess who they might be?

You’ve got to figure that one of the three is AIG (or AIU, or whatever it is they decide to call themselves), although the company is vehemently denying they are quoting deep discounts or selling more coverage for the same price to compensate for the damage to their reputation done by their corporate parent’s reckless trading of credit default swaps and subsequent federal bailout.

But who else could Mr. Kerr be talking about, and why won’t he just come out and name the three keeping prices soft despite the fact that “every sensible economic indicator tells us rates should be increasing…”?

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 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.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.