Premium pricing for the commercial P&C market was slightly lower in the fourth quarter of 2014, according to the latest quarterly Commercial P/C Market Index Survey by The Council of Insurance Agents & Brokers.
Overall large, medium and small accounts declined by 0.7% on average compared to a small increase of 0.1% in the third quarter of 2014.
While the average pricing drop is slight for accounts of all sizes, large accounts experienced the largest drop in pricing, the survey shows. On average, large accounts experienced a drop of -2.2%, while medium accounts dropped -0.9%.
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