Commercial Market Easing In Q1
Average premium rate increases for commercial property-casualty customers in first-quarter 2004 were reminiscent of levels experienced just before the last soft market ended, according to a brokers' survey published last week.
In its quarterly market report, the Washington-based Council of Insurance Agents & Brokers said a survey of 113 brokers indicated there was significantly less upward pressure on premium rates in the first quarter, with rate changes falling to levels that were similar to year-end 1999.
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