Non-admitted underwriters are seeking across-the-board rate hikes for property and casualty risksand are covering more risks as standard lines insurers continue to shed unwanted business. Yet the surplus lines market has not entered the "hard" phase of the market cycle.
Many professionals are fending off the double-digit rate hikes that longtime underwriters of errors & omissions coverage are seeking, with many of those clients finding themselves able to negotiate flat or only slightly higher rates.
Like any long-term relationship, agent/insurer liaisons have their ups and downs. Representatives from both sides show how to improve communication and pave the way to greater profitability.
Many professionals are fending off the double-digit rate hikes that longtime underwriters of errors & omissions coverage are seeking, with many of those clients finding themselves able to negotiate flat or only slightly higher rates.
Many professionals are fending off the double-digit rate hikes that longtime underwriters of errors & omissions coverage are seeking, with many of those clients finding themselves able to negotiate flat or only slightly higher rates.