The soft market appears to be firmly entrenched, so much so that a recent survey of the nation's largest brokers found price declines in all major lines–including coastal property.
The Washington, D.C.-based Council of Insurance Agents & Brokers released its quarterly survey of the nation's brokers, asking them how premium pricing has changed over the past three months.
For the months covering July to September of this year, 103 brokers surveyed said the average price decline was 13.3 percent, with large accounts receiving the highest decline at 15.9 percent.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
