If there's a common thread among underwriters and insurance brokers serving the growing allied health industry, it is fierce competition triggered by a soft property and casualty market and excess capacity, experts contend.
The market is also being squeezed by admitted carriers entering an area previously dominated by nonadmitted carriers.
“We're definitely in a softer, more competitive market than two or three years ago, and we're seeing a tremendous uptick in health care facilities opening new businesses,” observed Philip Twietmeyer, senior vice president, middle markets, with ACE Medical Risk in Philadelphia.
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