With chatter about the next market turn heating up, experienced niche-market participants don’t anticipate a replay of the gut-wrenching turmoil that left some program administrators out in the cold during the last soft-to-hard transition.
But that doesn’t mean there won’t be program books in need of repair or even that some carrier retrenchment from the program-business segment isn’t happening already, they say.
Just how rough was the last turn?
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