Carriers Tighten Policy Terms

The Council of Insurance Agents + Brokers released findings from a special benchmarking survey of The Council‘s members. The special survey builds on The Council‘s quarterly Commercial Insurance Market Index by establishing a benchmark for assessing the impact of the World Trade Center attacks on Jan. 1 renewals and the future market. Given major fluidity in the commercial insurance market in the wake of the Sept. 11 attacks, The Council compared the commercial property/casualty insurance market today with market conditions as they were one year ago. In addition, The Council focused on changes in use of alternative market mechanisms in order to meet commercial insurance consumers‘ needs.