Commercial Soft Market Has Ended, Says MarketScout
THE MARKET IS TURNING.
After six years and eight months, the soft market cycle has finally broken,” Richard Kerr, CEO of the Dallas-based electronic insurance exchange, said in a statement. “November 2011 is the first composite rate increase since the soft market began in February 2005.”
See article from Business Insurance U.S. property/casualty composite rates post first rise since 2005: MarketScout