|
|
Article: Soft P/C prices provide breathing room for now.(Spotlight: Public Entity Risk Management)
- Article from:
- Business Insurance
- Article date:
- June 2, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: JUDY GREENWALD
The soft property/casualty market has been a welcome development for U.S. public entity risk managers affected by the nation's economic downturn.
Increased P/C rates "would only double the pain,'' said Kathy Peeling, risk management specialist with the Annapolis, Md.-based Anne Arundel County Public Schools.
It is the "one silver lining'' in this situation, said John Nielsen, chief executive officer of the Fairlawn, Ohio-based Ohio Transit Risk Pool.
The public transit pool has been "able to come back with generally a better picture each of the last several years in terms of the cost of transferring risk, so in ...