U.S. property and casualty insurance price declines stabilized last month, averaging the same 12 percent cut as in March, while the softening market continued to impact some lines more heavily than others, according to MarketScout’s “barometer” survey.

However, the Dallas-based insurance exchange said it is far from clear whether the softening market has hit bottom. “Insurers continue to aggressively seek new business by broadening coverages and decreasing premium,” said Richard Kerr, MarketScout’s chairman and chief executive officer.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.