NU Online News Service, Oct. 20, 3:56 p.m. EDT

A survey by the Risk and Insurance Management Society (RIMS) revealed the soft market is “far from over” but premiums declined less during the third quarter.

“If insurers avoid large losses this hurricane season, which seems likely at this point, competition may pick up across all lines,” said Dave Bradford, executive vice president of Advisen Ltd., which administered the survey. “There is still too much capacity chasing too little premium.”

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