Veteran surplus lines insurance industry executives say they'll know a market turn when they see one, but so far, all the barometers they check to predict the proximity of a turn are stuck in soft market territory.
Beyond asking executives to predict the timing of the next market turn, NAPSLO Daily also asked what might fuel the next turn when it eventually does happen. And what are some of the signs they look for that tell them a market turn is near?
"I'm finished saying when the market will turn, declared Jim Carey, president and CEO of Admiral Insurance Company. "Despite every indication to the contrary, the market does not seem to be turning right now, nor did it in 2008 or 2009."
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