Is the specialty-transportation market hard, flat or soft? It depends on whom you ask as opinions vary widely—generally a sure sign of a line whose pricing is in a time of transition.
In a recent survey, 28.6 percent of respondents say the overall specialty-transportation market is hard or hardening, while 32.65 percent say it is flat.
And 38.8 percent say the market is soft or softer (see charts), according to those taking part in the Transportation Insurance Pricing Survey (TIPS) for the 2011 second quarter, conducted by specialized business-insurance and risk-management intermediary NIP Group Inc. of Woodbridge, N.J.
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
© 2024 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.