Rates Improve slightly in May

The SFRI increased more than 3% in May. Talk of the hard market continues but has done little to increase rates. Underwriters have been disappointed that reinsurance increases have not translated into higher retail prices. However, the economy and aggressive standard markets have kept rates steady. Travelers is reported to be "very aggressive" on new business in Florida while holding or raising renewal rates. We may not see tightening until hurricanes begin to form in the Atlantic and standard markets begin to pull back

Good article

CNN Article on Insurance Market