The U.S. insurance market is continuing its downward trend across all lines of business with rate decreases hitting 20 percent for a few lines of business, according to executives with Marsh.
In its ongoing series of seminars on risk topics, five executives with the insurance brokerage firm Marsh, a subsidiary of New York-based Marsh & McLennan Companies, discussed the overall declining market.
"It's good for clients but challenging for underwriters," said Robert Howe, leader of Marsh's global property practice.
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