CIAB Survey Finds Soft Market Growing
NU Online News Service, Jan. 24, 4:19 p.m. EST?The Council of Insurance Agents & Brokers quarterly market survey shows an entrenched soft market during the last three months of 2004, with most accounts showing premium decreases of between one and 20 percent.[@@]
According to the quarterly survey of the nation's largest brokers, 54 percent of small accounts (defined as accounts with commissions and fees of less than $25,000) saw premium decreases of up to 20 percent, while 30 percent saw no change in premium.
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