Salary budgets within the property/casualty insurance industry appear to be holding steady amidst a rough economic climate, according to a new study from an insurer trade group.

According to the Property Casualty Insurers Association of America (PCI) Insurance Compensation Survey, property/casualty insurance companies are projecting average salary budget increases of 3.4% in 2010, which is the same percent increase reported in 2009. This compares to average salary budget increases of 4.0% in 2008.

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