Tampa CEO says insurance industry on verge of highest price hikes in decades

The CEO of Tampa-based insurance firm Baldwin Risk Partners hinted at a potentially difficult year ahead for the insurance industry on a recent earnings call, while at the same time assuring investors his company was up for the challenge.

Shares of Baldwin Risk Partners (NASDAQ: BRP), an insurance distribution company, traded for around $27 in mid-November, shortly after the company released its third quarter earnings and delivered an Investor Day presentation. That price point is down more than 30% over the past year, near the midpoint of its 52-week range, with a low of about $17 and a high above $40.