NU Online News Service, Jan. 22, 12:50 p.m. EST
Premium rates for commercial property and casualty insurance continued to fall in the fourth quarter at nearly the same rate as in the third quarter--5.6 percent, compared with 5.8 percent--the Council of Insurance Agents and Brokers said today in a new survey.
And equally important, an overwhelming 74 percent of the brokers responding to the survey said that demand for insurance products did not improve in the fourth quarter--indicating that no end is in sight for the weak pricing.
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