Composite rates for U.S. property and casualty insurance coverages fell 13 percent for May, according to MarketScout, a Dallas-based electronic exchange.
The firm's latest monthly “Market Barometer” survey found most lines experienced rate reductions, as did industry classes and accounts broken down by premium size.
MarketScout said the greatest percentage reductions were in property, general liability and umbrella liability–at 14 percent each.
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