Maurice Greenberg should of taken more responsibility for the trouble the economy is in today rather than just throw regulators under the bus in a speech this week, argues NU Editor In Chief Sam Friedman on his blog today at www.NUSamSoapBox.com.

Double-digit rate decreases are nearing the end in transportation insurance, after a long stretch of declines. The market appears to be in a transitional phase as established transportation underwriters attempt to hold the line on rates for key business.

The soft market continued to bottom out last month, as property and casualty insurance rate declines averaged 4 percent, compared to 5 percent in August, according to the Market Barometer survey by MarketScout.