Breaking free.

Insurance prices are stabilising in most lines of business and even falling in some. But that does not necessarily mean risk managers will start buying more traditional insurance again. Many could be reluctant to let go of the alternatives they were forced to use at the peak of the hard market. On March 8, 2004, the United States Risk and Insurance Management Society published the results of a survey of risk managers that could severely disappoint the insurance industry. The results suggest that the present hard market could have changed the future behaviour of risk managers by forcing them to rely more on alternatives. INSET: Telling it like it is.