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"Endless capacity" reduces US rates 6% in Q2
19 July 2010
Excess capacity chasing market share in the commercial property/casualty marketplace has resulted in another quarter of declining renewal pricing, according to the CIAB second-quarter Commercial P/C Market Index Survey.
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Council of Insurance Agents & Brokers
ciab
Commercial P/C Market Index
Excess capacity chasing market share in the commercial property/casualty marketplace has resulted in another quarter of declining renewal pricing, according to The Council of Insurance Agents & Brokers’ (CIAB) second quarter Commercial P/C Market Index Survey.
On average, renewal rates dropped by about 6% in the second quarter, compared with a 5% decrease in the first quarter of 2010.
“It’s the same old story,” said CIAB president Ken...
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