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Firm Insurance Market Expected to Last into Next Year

Denise GillinBusiness Insurance, Personal Lines

By Gavin Souter for

Introduction by Jeffrey Gelburd, Vice President, Murray: As we head into the busy year end property / casualty renewal season, it is important to get a head start and have your best foot forward when negotiating renewal terms. With the exception of cyber liability, which is still very much in flux, rate increases on some lines have slowed down, and underwriters are interested in writing new business.

After over two years of rate increases and takeaways, it’s in the best interest of insureds to market their program. Progress can now be obtained in negotiating improvements so anyone with good loss experience should use that to their advantage in renewal negotiations.

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