NU Online News Service, Jan. 13, 3:14 p.m. EST
With capacity high, commercial insurance buyers saw premium prices continue to tumble in the fourth quarter, with few signs that the soft pricing cycle is near an end, according to the RIMS Benchmark Survey.
The survey administered by Advisen Ltd. tracks changes in insurance policy renewal prices as reported by North American corporate risk managers. Directors and officers liability, general liability and workers' compensation all posted decreases in average premium, while property once again held steady.
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