Here is a piece from the attached article:

“However, while rates are hardening, loss costs also continue to rise. Our view is that until rate increases exceed loss cost inflation, we will not be in a market where insurance company results can improve and we start to enter a real hard market.”

In other words,  Loss Costs may continue to rise, but, some carriers may use lower Loss Cost Multipliers in order to keep rate increases to a minimum. In doing that, their rates may still wind up being inadequate where it does not help to decrease their loss ratios…

Let’s hope rates increase to where they should be so brokers can operate in their ideal market!

See article here.