Property-casualty insurers closed a year of declining prices for nearly all but dicey property-catastrophe exposures, as premium rates rallied slightly last month while continuing their downward trend, the monthly "Market Barometer" survey revealed.

In its monthly recap of p-c insurance prices, Dallas-based MarketScout reported that premiums dropped an average of 8 percent in December--slightly less than November's 9 percent drop, which was the biggest decline of 2006.

Looking at the full year, premiums dropped an average of 6.6 percent in 2006, MarketScout's survey revealed.

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