Of all the coverage classes, only commercial property, business income and crime posted any increase and both were at 1 percent.

Other entities, such as London-based Benfield reinsurance brokers, also see rising pricing as evidenced by Bermuda carrier figures, which are biased toward property catastrophe coverage.

While profits rose for the first quarter on the island, total premium actually declined as stricter capital requirements and more disciplined underwriting led to some cutbacks by carriers, according to Benfield analyst Chris Klein.

But some companies may have been holding back capacity in anticipation of a tight June and July renewal season, he added.

Umbrella-excess coverage showed the greatest decline at 9 percent while general liability rates dipped 7 percent.

The rate of decline of workers' compensation pricing slowed to 5 percent in June compared to 7 percent in May.

“This is possibly a reflection of some new insurers' realization of higher than anticipated claims activity,” Mr. Kerr said.

Such claims activity could have precipitated a fight last month in California in which the state Insurance Fund announced a 10 percent rate decrease, as opposed the Commissioner John Garamendi's call for a 16.4 percent decrease, although the prime bone of contention was the extent of the impact of reforms passed two years ago.

Directors and officers and Employment Practices Liability Insurance showed declines of 1 percent last month.

In terms of account size, those jumbo accounts with over $1 million in premium enjoyed the sharpest declines at 10 percent, with medium and large accounts between $25,000 and $1 million declining 8 percent. Small accounts decreased by about 7 percent.

By industry class, manufacturing posted rate declines averaging 8 percent while the service sector incurred rates on average 6 percent lower.

Once again, energy companies faced rate hikes of around 7 percent followed by habitat ional coverages, which were up 6 percent.