As premiums fell an average of 2 percent in April, “large”accounts saw cuts twice that size, while “jumbo” insureds enjoyed 7percent rate reductions, according to the latest “MarketBarometer.”
This finding supports the trend uncovered in NationalUnderwriter's Spring 2005 “State Of The Market Survey” (pages12-22), which found risk managers enjoying a softer market thansmaller buyers.
“The trend toward a soft market is continuing under a slow,methodic pace,” said Richard Kerr, chairman and chief executiveofficer of Dallas-based MarketScout.com, which bases its monthly“barometer” on data collected from agents participating in itsonline market, along with surveys by The National Alliance forEducation and Research.
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