Market Rates Fell Faster In Fourth Quarter Average decline was 7 percent, but some lines were firmer than others, brokers say

The quarterly market survey by the Council of Insurance Agents & Brokers revealed a deepening soft market during the last three months of 2004, with most accounts showing premium decreases of between one and 20 percent.

The quarterly survey of 140 of the nation's largest brokers found that 54 percent of small accounts (defined as those 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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