NU Online News Service, Dec. 06, 4:04 p.m. EST

Rates for U.S. property and casualty commercial insurance policies were down an average of 5 percent during November, a slight decrease from the last several months, which saw declines of 4 percent.

By coverage, general liability was down the most at minus-6 percent, followed by commercial property with a 5 percent average decline in November, according to MarketScout, which produces a monthly "Market Barometer."

Competition is increasing for accounts with a premium of $250,000 to $1 million. These large accounts are down 6 percent compared to down 5 percent in October.

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