Premium rates for 14 sectors of property and casualty insurance were down between 7- and 12 percent last month, an electronic insurance exchange reported today.

Dallas-based MarketScout said rates so far have not been significantly impacted by the meltdown of American International Group as well as investment banks.

Richard Kerr, MarketScout founder and chief executive officer, said in a statement: "The impact of the financial collapse of name brand banks, insurers and other companies is pending. We may start seeing rating adjustments in October. Terms and conditions for most policyholders had already been agreed in September, prior to the market collapse."

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