Pricing for transportation insurance continues to point to a steady decline, marking no material change from the last quarter, according to a brokerage firm survey.
Woodbridge, N.J.-based specialty brokerage NIP Group Inc. said its latest "Transportation Insurance Pricing Survey" indicates rates in the transportation insurance marketplace still show steady declines between 10 and 20 percent across all account sizes.
All market segments continue to experience excess capacity driven by continued soft market conditions which is increasing the availability of insurance.
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