Marsh is predicting further rate reductions in select lines this year.

The P&C insurance market is expected to continue softening after a relatively stable 2014, according to a report released by Marsh on Monday.

Those with commercial property insurance can expect to see competition for their policy this year (barring, of course, any major catastrophes), with rates reductions of anywhere from 5% to 15%. The report also noted that catastrophe-exposed clients can expected rate decreases of up to 15% this year, depending on their risk profile. 

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