RIMS: New Data Reveals P-C Insurance Cost Drop
NU Online news Service, Jan. 21, 1:30 p.m. EST?The cost of property insurance fell 8.8 percent in the fourth quarter of 2003, the first decline in premium prices in any major line of commercial insurance in nearly four years, according to the RIMS Benchmark Survey released today.[@@]
The Risk and Insurance Management Society Inc. industry survey of market conditions found that while still experiencing some price inflation, risk managers noted that other commercial insurance product price increases were either significantly lower than in the third quarter or those prices remained relatively flat, quarter over quarter.
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