Property-casualty rates declined 7 percent last month, according to the June Market Barometer published by MarketScout.
The Dallas-based online insurance exchange said that the soft market was now in its 16th month.
MarketScout CEO Richard Kerr said after the July reinsurance renewal season is completed industry analysts will have a much better picture of pricing for the rest of 2006, noting that almost 30 percent of catastrophe treaties renew this month.
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