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The Advantage Stays with the Buyer

The Advantage Stays with the Buyer

It’s still a buyer’s market in commercial insurance.  Major changes have created strong competition, ample capacity and lower prices during the past several years.   Lockton’s December 2016 P&C Market Update states that the competitive landscape continues, as...
P&C Market Update: Competition Promotes Change, Creativity and Flexibility Among Carriers

P&C Market Update: Competition Promotes Change, Creativity and Flexibility Among Carriers

Lockton has released its Fall 2015 P&C Market Update and the US property and casualty insurance market has seen competition continue to increase in a market characterized by excess capital, low interest rates, and slow economic growth. Most clients are benefitting...
Property & Casualty Update: Increasing Capacity and Competition Contributing to Further Market Softening

Property & Casualty Update: Increasing Capacity and Competition Contributing to Further Market Softening

In today’s insurance market, excess capacity and increased competition (for the most part) have created opportunity in negotiating terms and conditions. Depending on the line of business, this has come in the form of flat to reduced rates, multiyear agreements, and/or...