US - P&C rates on downward trend in Q3
Wednesday, 11 02 2016, Category: Insurance and Reinsurance, Country: United States
A downward trend in US commercial property/casualty rates has continued into the third quarter of 2016, according to a market survey from The Council of Insurance Agents & Brokers (CIAB).
The average decrease in rates was 3.2 percent in the third quarter compared to the previous quarter, a slowdown from -3.9 percent in the second quarter of 2016.
Specifically, commercial property saw the strongest slowdown at -4.5 percent from -6.0 percent for the second quarter of 2016.
Source: Intelligent Insurer