Good One
So there are a pile of earnings releases coming out now and there’s an interesting common theme: even though rate increases aren’t here yet, they’re just around the corner.
Yeah, right.
The only way rates go up in the P&C market is if something goes horribly wrong and capacity leaves the market. If you talk about hardening rates, you need to have a reason why they’re going to harden. What happens to make people suddenly actually NEED to charge more?
Something nasty has to happen out there. AIG going down would have done it. Didn’t happen. That’s the scale we’re talking about, though.
Advertisement
[...] 2. Maybe we’re finally going to find that hard market. [...]