For the agents and brokers writing commercial-lines insurance for Main Street clients, business remains tough—but some tepid signs of improvement have begun, tentatively, to appear.
“What we are really beginning to see in the soft market is stabilization,” says Mike Miley, chairman of the Independent Insurance Agents & Brokers of America and client executive for the independent agency Gibson based in South Bend, Ind.
From a pricing standpoint, premium rate decreases are “slowing down a lot” on middle-market business, Miley says. “We still see some decreases, but a lot of [pricing] is flat and some [business] may have a couple of points increase in rates.”
Recommended For You
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.
