The Council of Insurance Agents & Brokers quarterly survey of insurance brokers finds commercial property and casualty pricing continues to be soft, but results appear to indicate some trending to smaller declines than in past quarters.
"We saw no significant change in pricing trends from the first quarter to the second quarter," said Ken A. Crerar, president of the Washington D.C.-based group, announcing the latest survey of 115 individual member brokers, representing the nation's largest insurance brokers.
"If a hard market is coming, it's up the road a bit. The pricing appears to be more a result of the weak economy than capacity," Mr. Crerar said.
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