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Like July, the composite rate for the commercial P&C market is plus 4 percent, according to MarketScout’s Market Barometer.

“With no wind, no quake and no big cat exposures looming, insurers are happy to sit tight and hold the status quo,” says Richard Kerr, MarketScout CEO. “August is often a slow month with few significant renewals so it is not unusual to see a static market.”

Similarly, the composite rate for U.S. personal lines remained steady from July, at plus-3 percent, says the Dallas-based insurance exchange.

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