COLORADO SPRINGS, Colo. — About 835 insurance industry executives attended the Insurance Leadership Forum at The Broadmoor Hotel in Colorado Springs, Colo., last week.
The event, which has several formal sessions, largely is an opportunity for agents, brokers, insurers and reinsurers to hold numerous small-group and one-on-one meetings. Discussions centered on specific business relationships and general trends.
At the meeting, which was sponsored by the Council of Insurance Agents & Brokers and the Council of Insurance Company Executives, brokers said insurers largely were in lockstep pushing for rate increases as they struggle with shrinking investment income.
Other discussion topics included the belief by many brokers and insurers that cyber insurance will be more widely purchased in 2013.
Next year's Insurance Leadership Forum will take place Oct. 5-9, 2013, at The Broadmoor. For more information, visit www.ciab.com.
COLORADO SPRINGS, Colo. — Most property/casualty insurance policyholders should expect further rate increases in upcoming renewals as insurers consistently seek underwriting profits to make up for lackluster investment results, according to insurer and brokerage executives.