What’s Up With The Commercial Insurance Market?
By: Hawley & Associates and Lutheran Social Services of Minnesota Risk Management team You might not realize it, but times have been relatively good for insurance customers. For the most part, premiums have been steadily reducing for years now. In the insurance world, we call this a soft market. But this has changed drastically. The insurance market is hardening as insurance companies experience higher than anticipated losses. As a result, a hard insurance market is rearing i