CarrierManagement.com reports
that A.M. Best and Moody’s foresee a slowdown in rate increases over the coming
months, with commercial property rates declining due to increased capacity and
competition.
While the article notes that the
market is currently stable—a condition that a recent SLA assessment of the
California market also identified—it is expected that standard commercial
insurers will push to retain existing business and moderately expand their
risk-taking.
