NU Online News Service, July 20, 11:27 a.m. EDT

There appears to be no letup in the commercial property and casualty soft market, as average premium prices deteriorated after showing some signs of stability over the past year, according to a producer association.

The Council of Insurance Agents & Brokers' (CIAB) "Commercial Property and Casualty Market Index Survey" of 160 respondents found that average premium rates for the second quarter of 2010 declined 6.4 percent. This compares to the previous month's decline of 5.3 percent.

Since the second quarter of 2009, rate declines have hovered around 5 percent. Washington, D.C.-based CIAB's recent survey results marked a departure from what some have said may be signs of a stabilizing market.

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