NU Online News Service, Aug. 5, 12:10 p.m. EDT
MarketScout says insurance premium rates are in their third month of moderation, indicating that a pricing "correction" is finally going on as some lines of business are showing price increases.
The Dallas-based electronic insurance exchange, in its monthly pricing barometer, says overall property and casualty rate decreases in July stood at 2 percent—the third month in a row in which rate decreases moved from a 5 percent decline and above.
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