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Lockton: Soft Market in Commercial P/C Likely to Persist

Commercial property and casualty insurers continue to face a buyer’s market, according to the April 2017 Market Update from the Kansas City-based brokerage Lockton Companies. The report says P&C insurers can anticipate this business climate to continue
April 26, 2017

Commercial property and casualty insurers continue to face a buyer’s market, according to the April 2017 Market Update from the Kansas City-based brokerage Lockton Companies. The report says P&C insurers can anticipate this business climate to continue. To remain competitive, underwriting companies are updating their product offerings, zeroing in on niche customers, and looking to tech innovation for future growth.

A positive note for insurers, brokers and agents: Companies that are in the market to buy high-limit insurance products continue to concentrate on such fundamental issues as risk assessment, fair pricing and appropriate coverage.

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