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From a seller’s perspective, the transportation insurance market is “not getting worse,” according to a just-published survey from NIP Group, which even reveals more rate hikes than declines for certain select segments like charter buses and courier services.

While the insurance market for transportation risks is still soft, those in the industry are saying it has begun to stabilize and the tide of new entrants flooding into the market is beginning to slow, according to NIP Group’s first-quarter Transportation Insurance Pricing Survey.

Premiums for commercial transportation insurance business continued falling for almost all types of accounts in the second quarter of 2010, but the number of insurers writing transportation business rose.

Premiums for commercial transportation insurance business continued falling.