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 adownward trend, with the January price hike level registering atonly one percent, according to MarketScout.com, an online insuranceexchange.[@@]

The Dallas-based MarketScout also noted, however, that theimpact of rate cuts felt by insurers won't be so dramatic. The firmspeculated that getting rid of some of the brokers' controversialincentive compensations will offset rate cuts.

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