Property rates expected to 'hold steady,' at least during hurricane season
The composite rate for property-casualty business shows an average reduction of 5 percent last month, compared to a 3 percent drop in June, according to MarketScout.com, an electronic insurance exchange.
“Rates for almost all lines of coverage are heading south, with the exception of habitational, corporate D&O, coastal property and offshore energy accounts,” noted the Dallas-based firm.
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