Is it possible that the property-casualty insurance market isn't softening as dramatically as some surveys indicate? That's the question raised because of conflicting reports of pricing activity, with agent-generated surveys showing far deeper drops than one relying on carrier-provided data, which only indicates a single-digit decline. Who is right?
(For full coverage of the conflicting surveys, click here.)
NU's Feb. 4 story, by Mark Ruquet and Dan Hays, reported that Towers Perrin–citing first-hand data from carriers–said average prices for all lines of coverage combined fell only 4-to-5 percent between 2006 and 2007.
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