Overall commercial insurance price cuts moderated a bit in January--particularly for directors and officers and other professional liability lines in reaction to the subprime crisis, according to the monthly "Market Barometer."

Prices overall fell by an average of 15 percent last month, compared to December's 16 percent drop, reported MarketScout, a Dallas-based online insurance exchange.

"Largely as a result of D&O prices related to the subprime lending crises, the composite rate reductions for property and casualty insurance moderated slightly in January," said Richard Kerr, chief executive officer of MarketScout. He noted that D&O rates adjusted 3 percent to an average cut of 14 percent, compared to a 17 percent drop in December.

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