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Times Are Good for Risk Managers

Prices are holding steady for corporate buyers of casualty insurance products, and in cases where the loss experience has been particularly good the premiums have fallen. On the property insurance side of the industry, its a buyers market, with prices falling at a quick clip.

By Russ Banham | Updated on February 07, 2014

Prices are holding steady for corporate buyers of casualty insurance products, and in cases where the loss experience has been particularly good the premiums have fallen. On the property insurance side of the industry, it’s a buyer’s market, with prices falling at a quick clip. And in both industry houses, insurers eager to maintain market share are open to altering policy coverage terms and conditions.

These are just some of the enticing tidbits risk managers can anticipate as they head into the annual April policy renewal season. While not all companies renew their policies in the springtime, most do. Unlike past market encounters, this go-round promises good deals along with the sunshine and flowers.

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