Commercial insurers have enjoyed an unusually long stretch of strong pricing power (called a “hard market” in the industry), and that has been generally positive for the industry, but that pricing power has been increasingly challenged by claims cost growth as materials inflation and socialAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it e ...