WHITE SULPHUR SPRINGS, W.VA.–A year after what seemed like a cataclysmic time for insurers, executives said they feel prices are heading into a period of stability, with continued downward trends in most areas except property-catastrophe.
They addressed the issue at the 93rd annual Insurance Leadership Forum of The Council of Insurance Agents & Brokers meeting here this week.
Overall, executives said premium pricing will continue its downward trends in the United States and some said they thought pricing would decline at a rate of 5-to-10 percent.
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