Property-casualty premium rates for November showed a continued downward swing, with a composite decrease of 9 percent, according to MarketScout, the online electronic insurance exchange.
Workers' compensation and general liability were down 9 percent and 10 percent, respectively, reported the Dallas-based MarketScout, which compiled its findings from its own submissions, interviews with industry executives, and surveys conducted by the National Alliance for Insurance Education and Research.
Property, business interruption and inland marine continued to soften as well, with rate decreases of 4 percent.
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