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Prices in the insurance marketplace are continuing to decline sharply with few upward trends in any risks according to a market survey of leading brokers conducted by an insurance brokerage association.

The second quarter commercial market survey released by the Washington, D.C.-based Council of Insurance Agents & Brokers shows average commercial rates declined 11.8 percent in the second quarter of this year, virtually identical to the 11.3 percent decrease in the first quarter of this year.

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