The soft-market cycle has come to an end, at least according to Dallas-based insurance exchange MarketScout—which declared so in its November Market Barometer.
Several other market analyses also show that, for many lines, rates are beginning to creep upward after seven years of decreases.
But insurers should probably hold off on popping the corks on celebratory bottles of champagne. Although the era of falling prices may be over, few observers are ready to predict that the start of a true hard-market cycle is close at hand.
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