By Sam Friedman
Despite a generally softening property-casualty insurance market, a significant percentage of risk managers expect prices to rise for selected coverage, and anticipate their overall premium spending and retention levels to either remain unchanged or even increase over the next 12 months, a survey of National Underwriter readers reveals.
Indeed, although 39 percent of corporate insurance buyers anticipate overall premium spending to drop between 1- and 10 percent, 12 percent expect the status quo, while 38 percent believe insurance outlays will actually rise between 1- and 10 percent.
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