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