U.S. property and casualty insurance price declines averaged 12 percent last month and continued across all lines, falling from 12 percent to 4 percent depending on category, MarketScout insurance exchange reported.
The Dallas-based firm said its barometer showed property, business interruption, workers' compensation, employment practices liability and small account premiums all softened further, as compared to March 2007.
Jumbo accounts had a 1 percent premium increase from last month, when the decline was down 13 percent. This April it was down 12 percent, The same numbers applied to general liability. Excess liability was down only 11 percent in April compared with 12 percent for March placements, MarketScout found.
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