The end of the soft market may be near, according to MarketScout's latest Market Barometer analysis.

The analysis found that while rates still declined, the June composite rate of decline moderated 21 percent compared to June 2007.Overall, the average property-casualty premium rates declined 11 percent in June, compared to a 14 percent decline in June 2007.

According to the MarketScout Barometer, commercial property led all property-casualty insurance coverage classes with rates declining 15 percent in June. Commercial property led the way in MarketScout's May report, during which the class saw rates decrease by 14 percent.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.