Search
 

Soft Market Far From Over

A pair of surveys about the commercial lines insurance market in the 2010 third quarter revealed that competition remains fierce and that the soft market is still far from over.

By Phil Gusman | Updated on October 24, 2010

A pair of surveys about the commercial lines insurance market in the 2010 third quarter revealed that competition remains fierce and that the soft market is still far from over.

In a Council of Insurance Agents and Brokers survey, brokers in all regions of the United States agreed that the commercial property and casualty market remains competitive, particularly for new business, and that insurers are still willing to “reduce premiums significantly.”

The survey showed that renewal rates for commercial risks declined by 5.2 percent on average, CIAB said, compared to a 6.4 percent decrease in the second quarter.

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

© 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.

Recommended Stories

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 © 2025 ALM Global, LLC. All Rights Reserved.