A new report from Dallas-based MarketScout finds a soft market persisting across all coverage classes.
The report pegs the composite rate for U.S. property/casualty insurance at -4% for September 2010. The National Alliance for Insurance Education and Research conducted pricing surveys used in MarketScout's analysis of market conditions. These surveys help to further corroborate MarketScout's actual findings, which are mathematically driven by new and renewal placements across the United States According to Richard Kerr, CEO of MarketScout, the lingering price depression is casing new pressures.
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