Experiencing seven straight years of soft-market conditions, commercial insurers are inching forward with ongoing premium reductions, according to the results of a RIMS Benchmark Survey, which notes that average premiums in every line tracked fell in the first quarter of 2010.
Forecasts for an above-average hurricane season may signal rising premiums on the horizon, however. Colorado State University hurricane forecasters are calling for 15 named storms, eight hurricanes and four major hurricanes in 2010.
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