The average decline in commercial insurance rates for the quarter fell another 1.5 points to negative 13.5 percent, according to a survey by the Council of Insurance Agents & Brokers.
The quarterly survey found the soft market firmly entrenched as none of the 119 broker respondents reported an up-tick in rates for any size accounts.
For the first quarter of this year the average decline in rates for small accounts (commission and fees of less than $25,000) stood at 10 percent.
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