MarketScout: Jan. P-C Rate Hike Slows To 1%
NU Online News Service, Feb. 8, 2:02 p.m. EST?Property-casualty rate increases are continuing a downward trend, with the January price hike level registering at only one percent, according to MarketScout.com, an online insurance exchange.[@@]
The Dallas-based MarketScout also noted, however, that the impact of rate cuts felt by insurers won't be so dramatic. The firm speculated that getting rid of some of the brokers' controversial incentive compensations will offset rate cuts.
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