Property-casualty rates continue spiraling downward, showing a decline of 12 percent over the previous month, according to an online insurance wholesale exchange.
In its latest Market Barometer, Dallas-based MarketScout said on average March rates were down 12 percent with no lines of business showing any sign of upward momentum.
In a statement Richard Kerr, chief executive officer of MarketScout, said: “The softening of the market is due to seven drivers:
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