The soft market may be seeking some moderation in pricing as rate declines were one percentage point lower than the previous four months, according to MarketScout's monthly market barometer.
The Dallas-based online insurance exchange reported average property-casualty rates decreased 8 percent over the month of February, one percentage point lower than the previous four months' 9 percent decrease.
It is the first change in the barometer since September when price decreases were at 10 percent, according to data gathered from its exchange, which MarketScout says includes over 50 "A" rated carriers.
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