Market Rates Fell Faster In Fourth QuarterAverage decline was 7 percent, but some lines were firmerthan others, brokers say
The quarterly market survey by the Council of Insurance Agents& Brokers revealed a deepening soft market during the lastthree months of 2004, with most accounts showing premium decreasesof between one and 20 percent.
The quarterly survey of 140 of the nation's largest brokersfound that 54 percent of small accounts (defined as those withcommissions and fees of less than $25,000) saw premium decreases ofup to 20 percent, while 30 percent saw no change in premium.
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