Commercial lines insurance premiums continued a downward trend during the fourth quarter of 2007, according to the Risk and Insurance Management Society Benchmark Survey of policy renewal prices as reported by corporate risk managers.

Despite concerns about lawsuits over stock declines arising from the continuing crisis in the subprime mortgage market, the average directors and officers liability (D&O) premium rate fell 11 percent in the fourth quarter.

This far outstripped decreases in other lines of business tracked by Advisen for the RIMS Benchmark Survey.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.