The downward spiral of insurance rates showed moderating signs last month with a 14 percent composite decrease, one point less than January, according to an insurance exchange report.
Dallas-based MarketScout said its figures, based on its insurance exchange transactions, shows the composite decrease continues to slow, moving from 16 percent in December to 15 percent in January and 14 percent for February.
“Premium reductions are strongest in the service contractor industry group,” said Richard Kerr, founder and chief executive officer of MarketScout, in a statement.
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