Are You Prepared for The Hardening New York Business Insurance Market?

Posted by John Cofini on Tue, Sep 18, 2012 @ 01:31 PM

Maybe it hasn’t arrived yet. Maybe it’s already here. Or maybe we’re just seeing early signs of it. But nearly everyone in the business insurance industry agrees that a cyclical change back to a hard market is inevitable and perhaps underway.

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Tags: business insurance, new york business insurance, New York workers compensation insurance, hard market, New Jersey business insurance, commercial insurance

What does a hardening market mean for New York business insurance?

Posted by John Cofini on Tue, Jul 10, 2012 @ 11:04 AM

With U.S. property/casualty insurance companies experiencing an estimated $15.2 billion in underwriting losses last year, and insurers’ investment income averaging only a 3.9 percent return, insurers are beginning to raise premiums and tighten their underwriting standards, both signs of a transition toward a “hard” insurance market.

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Tags: business insurance, new york business insurance, hard market