Businesses are displaying more willingness to shop around for cheaper insurance, according to a report released by Marsh brokerage.
One in four large and mid-sized U.S. businesses changed insurers in the past years for their workers' compensation, auto and general liability risks. This compares to one in seven for 2003, according to the findings by the New York based firm.
The 138-page report entitled, Casualty Cost of Risk 2005, collected data from 2,028 businesses and government entities in 2004.
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