Property-casualty insurance rates saw an overall decline of 7 percent for the month of August, with slight rate increases in commercial property, directors and officers, and business income insurance, according to an online wholesaler.
Dallas-based MarketScout said in a month-to-month comparison, coverage placed in the United States showed a 7 percent decline, equaling July's decrease.
By account size, medium size accounts with premium between $25,000 and $250,000 saw cumulative reductions of 9 percent. Large and jumbo accounts, over $250,000 in premium, saw reductions of 8 percent. Small accounts, under $25,000 in premium, were down 7 percent.
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