There is growing evidence that insurance rate declines are beginning to moderate, but that does not mean the end of the soft pricing cycle is in sight, according to two financial analyst reports.

Stifel Nicolaus & Company said there are indications of some moderation in rate declines and possible rate increases on some lines of business, based on data released by the National Association of Insurance Commissioners through Highline Data and Insurance Services Office.

Highline Data is a Summit Business Media Company that also owns National Underwriter.

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