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RIMS Benchmark Survey Reports Major Downturn in Commercial Rates

National News • October 20, 2005
Commercial insurance premiums took a sharp downward turn in the third quarter, according to the RIMS Benchmark Survey, an industry survey of current policy renewal prices as reported by corporate ...

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Subject: Here we go again...

Posted On: October 21, 2005, 8:31 am CDT
Posted By: Steve Martin
Comment:
Whatever happened to the "new" direction the P&C market was supposed to take? Didn't even Greenberg opine that underwriters should stick to responsible pricing and stop the downward spiral of a soft market by dropping prices just to increase market share? There has to be a better way to grow profits without cashflow underwriting; why bother to do any actuarial analysis at all, if pricing is based solely on competition for existing accounts? think of the salaries that could be saved thus lowering expenses.....
Subject Posted By Posted On
Here we go again... Steve Martin
Oct 21, 2005, 8:31 am
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