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Survey: 1Q Commercial Lines Premiums Drop Most Since 2005

National News • April 7, 2008
Commercial lines insurance premiums experienced the largest quarterly drop since 2005 during the first quarter of 2008, according to an industry survey of risk managers. Undeterred by mounting ...

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Subject: NUTZO PRICING

Posted On: April 8, 2008, 11:03 am CDT
Posted By: Hate this market
Comment:
I quoted on a VACANT FRAME HOTEL. Had been vacant and uninsured for two years. Also had been condemned. Local legend says it's haunted, too. $4,000,000 in values property, about 20,000 sq. ft.

I was getting numbers from $34,000 to $75,000 for a six month vacant package from my E&S markets, those who did not head for the nearest exit when I approached them.

Lo and behold, someone quoted the darn thing for $4800 - in Lloyds!

It is a warzone out here!!!
Subject Posted By Posted On
The Property was condemned Hate this market
Apr 8, 2008, 12:42 pm
RE: NUTZO PRICING AZAZ
Apr 8, 2008, 11:27 am
NUTZO PRICING Hate this market
Apr 8, 2008, 11:03 am
Underwriting Profits Pat Beranger
Apr 7, 2008, 12:33 pm
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