The decline of property-casualty rates slowed modestly in February, but the market remained soft, a leading electronic insurance exchange wholesaler reported.
Dallas-based MarketScout released its monthly report on the p-c market from its survey of rates, finding a 5 percent reduction in rates compared with 6 percent the month before.
“February is a traditionally slow month for insurance placements,” said Richard Kerr, chairman and chief executive officer of MarketScout. “The volume of business placed in February is small, so the slight hardening trend may reverse in March.”
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