Insurance premium prices moderated a bit in January, with a slight increase in directors and officers coverage and other professional liability lines in reaction to the subprime crisis, according to a report from an online insurance exchange.
Dallas-based MarketScout's monthly market barometer indicated prices moderated slightly for the month of January, dropping 15 percent overall compared to December's 16 percent drop.
Directors and officers "and all lines of professional liability actually experienced moderated reductions in January 2008 as compared to December 2007," said Richard Kerr, founder and chief executive officer of MarketScout.
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