Avg. Renewal

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Flat In February

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There was no change in the average property-casualty commercialpolicy rate last monththe first time the MarketScout barometer hitzero since the Dallas-based online insurance exchange startedkeeping track of composite rates in July 2001.

|

MarketScout found a slight rise in general liability and excesscoverage for tougher classes such as product liability. Habitationand energy accounts continue to suffer the highest premium hikes.Directors and officers liability premiums continued to declinemodestly, and workers' comp rates are falling as well. In general,the bigger the account, the more aggressive the rate cut onaverage, MarketScout found.


Reproduced from National Underwriter Edition, March 10, 2005.Copyright 2005 by The National Underwriter Company in the serialpublication. All rights reserved.Copyright in this article as anindependent work may be held by the author.


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