Premium cuts moderated for the first time since October, with the average decline for commercial insurance rates coming in at 8 percent for February--one point less than in each of the past four months, according to MarketScout's "Market Barometer" survey.
The price on average for commercial lines policies had been down 9 percent for the last quarter of 2008 as well as in January 2009, the Dallas-based online insurance exchange reported.
Last month was the first change in the barometer since October 2008, when price decreases moderated from September's 10 percent to 9 percent, according to data gathered from MarketScout's exchange, which includes over 50 "A"-rated carriers.
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