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Bigger Buyers Get Biggest Cuts

As premiums fell an average of 2 percent in April, "large" accounts saw cuts twice that size, while "jumbo" insureds enjoyed 7 percent rate ...

By Staff Writer | Updated on May 15, 2005

As premiums fell an average of 2 percent in April, “large” accounts saw cuts twice that size, while “jumbo” insureds enjoyed 7 percent rate reductions, according to the latest “Market Barometer.”

This finding supports the trend uncovered in National Underwriter’s Spring 2005 “State Of The Market Survey” (pages 12-22), which found risk managers enjoying a softer market than smaller buyers.

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