Insurance Business America published an article and interviewed Michael Foley, West Coast Area President, Senior Broker of Breckenridge Insurance Services on the general liability market for the US construction sector. Over the past two years, the excess market has hardened, which has triggered a decrease in capacity.
Not only do agents have to work much harder to get insureds the excess limits they need — sometimes going to 20 or more carriers — but insureds are also facing significant rate increases.
