A survey from an independent agent's association representing four states in the Northeast says the combination of escalating rates and stricter underwriting forced 93 percent of producers to increase their remarketing efforts over last year.
James E. Pittz, business issues director for Professional Insurance Agents (PIA) tells PC360 that of the 93 percent who increased their remarketing efforts, 15 percent say they had to remarket as much as a quarter of their book of business.
The survey of more than 400 members of the Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York examined market trends in four market lines: Homeowners, Personal Auto, Commercial Property and Commercial Liability.
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