Dallas-based electronic insurance exchange MarketScout said its data and surveys show good underwriting results are continuing to push down insurance prices, with an average rate decrease of 15 percent for the property-casualty sector.
"Unless there is a massive calamity in the next three months, 2007 may be insurers' best year in recent history," the firm said.
MarketScout found underwriting results are encouraging U.S. insurers to continue aggressive pricing, while noting that Lloyd's of London has reported pretax profits of $7.417 billion at a combined ratio of 83.
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