Which of the following is least likely to occur during a "hard" insurance market period?
A) difficulty in obtaining insurance
B) tightening underwriting standards
C) higher insurer profits
D) increasing premiums

Question

Quizplus · Accepted Answer

During a "hard" insurance market period, insurers often experience higher claims costs, which lead to lower profits or even losses. Therefore, it is unlikely that insurer profits will increase during such a market. Options A, B, and D are more likely to happen during a "hard" insurance market period, as insurers may become more selective in the risks they insure, reduce coverage limits, or raise premiums to offset their loss experience.

Which of the Following Is Least Likely to Occur During