NU Online News Service, Nov. 7, 11:33 a.m. EDT
Further evidence of the soft market making a turnaround was furnished Friday with the release of the MarketScout's October barometer that indicates average rate increases/decreases were flat for the month.
“October results affirm the soft market is drawing to a close,” says Richard Kerr, chief executive officer of MarketScout, the Dallas-based electronic insurance exchange. “With two consecutive months of a flat market, we are on the cusp of a composite rate increase.”
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