CIAB Survey Shows Insurers Writing New Business

According to the latest Commercial Market Index Survey by The Council of Insurance Agents & Brokers, there are signs that an appetite for new business is returning to the insurance marketplace after two years of tough underwriting and meteoric rate increases following the Sept. 11 terrorist attacks. The survey, released yesterday, showed the market is leveling and beginning to creep downwards in some areas. "Leveling does not mean a soft market is returning," said Ken A. Crerar, president of The Council. "Industry analysts say the hard market is likely to last another 18 months, and brok...