Property-casualty premium rates for November showed a continueddownward swing with a composite decrease of 9 percent compared tothe same period last year, according to MarketScout.
MarketScout, the Dallas-based online electronic insuranceexchange, compiled its findings from its own submissions,interviews with industry executives and surveys conducted by theNational Alliance for Insurance Education and Research.
The firm said workers' compensation and general liabilityrepresented the largest segment of the market and were down 9 and10 percent respectively. Property, business interruption and inlandmarine continued to soften further with rate decreases of 4percent. Crime and surety were the only coverages with priceincreases, which were up 2 percent.
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