General economic conditions prevents new capital from entering the market to undercut current insurers.
Behind the scenes much of this tighening of available capital happened more than a year ago but it's being passed on to consumers only now. Nothing in particular has happened this year -- it was fairly ordinary in terms of catastrophies.
Behind the scenes much of this tighening of available capital happened more than a year ago but it's being passed on to consumers only now. Nothing in particular has happened this year -- it was fairly ordinary in terms of catastrophies.