Soft market declines held steady for the second month in a row, as commercial insurance prices were down 14 percent on average in July, with property risks leading the way at minus-17 percent, an online insurance exchange reported.
Dallas-based MarketScout released its monthly "Market Barometer" for the property-casualty market, with July's average rate cut equaling June's 14 percent result.
The industry is now firmly entrenched in the 29th month of a soft market, according to Richard Kerr, chief executive officer of MarketScout.
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