In today’s hardened market, cheap coverage isn’t just risky, it’s reckless
Middle-market firms are bargain-hunting their way into disaster. In the race to cut costs, many are opting for cheap coverage over real protection, leaving themselves exposed to catastrophic losses in a hardened market.
Premiums are spiking, coverage is shrinking, and carriers are retreating from entire regions. Middle-market firms that once relied on minimal, transactional policies are hitting a wall: those strategies no longer hold up against today’s complex risks.
“For years, the middle market has been overwhelmed and under-resourced,” said Jeff Jones, a managing director at Insurance Office of America.
“Now, with tariffs and supply c…