Umbrella image 325x325 pxPrices are holding steady forcorporate buyers of casualty insurance products, and in cases wherethe loss experience has been particularly good, the premiums havefallen. On the property insurance side of the industry, it's abuyer's market, with prices falling at a quick clip. And in bothindustry houses, insurers eager to maintain market share are opento altering policy coverage terms and conditions.

These are just some of the enticing tidbits risk managers cananticipate as they head into the annual April policy renewalseason. While not all companies renew their policies in thespringtime, most do. Unlike past market encounters, this go-roundpromises good deals along with the sunshine and flowers.

Many carriers, for instance, are open to writing casualtyprimary and excess lines of coverage in occurrence-based policiesinstead of less favorable claims-made formats. Additionally,multiyear transactions are available in property, new sources ofprivate flood insurance capacity have opened up, and eventerrorism-related coverage in many policies are there for thetaking at little to no cost.

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